Review of other foreign-controlled meatpacking enterprises

(a) Study and report Not later than 180 days after the date of enactment of this Act, the Commission shall complete a study of the business practices, financing, ownership structures, and competitive effects of all foreign-controlled entities with significant meatpacking and related operations in the United States, including those of entities engaged in beef or pork production and processing. (b) Consultation In conducting the study under subsection (a), the Commission shall consult with appropriate national security agencies, including the Department of Defense, the Department of Homeland Security, the Office of the Director of National Intelligence, the Department of Agriculture, the Department of Justice, and any other relevant agency as determined by the Commission. (c) Authority To determine need for divestment (1) In general The Commission may determine, based on the study and consultations under subsections (a) and (b), that divestment, structural separation, or other remedial action is needed with respect to such foreign-controlled entities to protect competition, national security, or the resilience of the United States food system. (2) Congressional review (A) Submission Before the Commission may require divestment, structural separation, or other remedial action under paragraph (1), the Commission shall submit to each House of Congress the determination under that paragraph and Congress shall review the determination pursuant to subparagraph (B). (B) Review Congress may, by an Act of Congress, block a determination submitted under subparagraph (A) through the congressional disapproval procedure set forth in section 802 of title 5, United States Code. (C) Requirement Upon the expiration of the review period under subparagraph (B), the Commission may require the divestiture, structural separation, or other remedial action determined under paragraph (1). (d) Report to Congress Not later than 120 days after the date of enactment of this Act, the Commission shall submit to Committee on Commerce, Science, and Transportation of the Senate, the Select Committee on Intelligence of the Senate, the Committee on the Judiciary of the Senate, the Committee on Energy and Commerce of the House of Representatives, the Permanent Select Committee on Intelligence of the House of Representatives, and the Committee on the Judiciary of the House of Representatives a report that includes a divestment decision with respect to each foreign-controlled meatpacking enterprise.