Biden Signs Bill Adding USDA to CFIUS
President Joe Biden signed into law March 9 an FY 2024 six-bill appropriations package that adds the agriculture secretary to the Committee on Foreign Investment in the U.S. to review agricultural transactions.
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USDA is expected to hire another person or two to help with its involvement on CFIUS, Export Compliance Daily has learned.
The package, which Congress passed last week, also contains $191 million for the Bureau of Industry and Security, the same amount as the FY 2023 enacted level and about $30 million below Biden's request (see 2403040061).