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Monday, December 23, 2024

Senator Cramer Unveils New CFIUS Legislation During Testimony Before North Dakota Legislative Assembly

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Senator Kevin Cramer, US Senator for North Dakota | Senator Kevin Cramer Official website

Senator Kevin Cramer, US Senator for North Dakota | Senator Kevin Cramer Official website

U.S. Senator Kevin Cramer recently testified before the North Dakota Legislature’s Agriculture and Natural Resources Committee, discussing the importance of addressing foreign investments in businesses, property, and agricultural lands. During his testimony, Senator Cramer highlighted the need to expand the scope of the Committee on Foreign Investment in the United States (CFIUS) and emphasized the role of states in protecting national security.

Cramer began his testimony by recalling a speech given by former Governor George Sinner, who emphasized the significance of food and energy security for a nation. "We are fond, as an energy producing state, of saying energy security is national security. I would add, food security is national security," said Cramer.

In response to the challenges faced by state governors in accessing confidential information related to CFIUS reviews, Senator Cramer introduced the CFIUS State’s Right to Know Act. This legislation aims to make the committee more responsive to states by allowing governors to inquire about potential transactions that may warrant a review. Cramer explained, "My bill gives governors some avenue to at least find out if something is going on, because you would rather be a partner than in the dark."

The CFIUS State’s Right to Know Act establishes a mechanism for states to be proactive in addressing potential projects in their state before they become problematic. The committee is required to respond to a governor's request within 30 days. Cramer emphasized the importance of state autonomy, stating, "Deferring decision-making to them runs the risk of ceding our state’s autonomy – something most North Dakotans would find objectionable."

Senator Cramer also highlighted the need for federal legislation and leadership in safeguarding critical food supply chains. He expressed his belief that North Dakotans do not need the federal government or CFIUS to tell them not to sell land to our enemies, as land is limited and food is essential. "If we do not want the enemy taking our harvests when we might need them most, we should discourage land being sold to bad people," Cramer stated.

In addition to introducing the CFIUS State’s Right to Know Act, Senator Cramer has been actively involved in addressing American land acquisitions by foreign adversaries. He cosponsored the Exposing China’s Belt and Road Investment in America Act, which requires a CFIUS review for any investment made by a foreign person involving the acquisition of real estate in the U.S. that results in China's control of a U.S. business. Cramer also supported the Promoting Agriculture Safeguards and Security (PASS) Act, which aims to blacklist China, Russia, Iran, and North Korea from investing in or acquiring land or businesses involved in agriculture.

Senator Cramer's testimony and proposed legislation highlight the importance of state involvement in addressing foreign investments and protecting national security. By empowering governors with the right to know and be proactive, Cramer aims to ensure that states have a say in potential transactions that could impact their communities and critical industries.

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