The FARM Act, introduced on November 4, 2021, is sponsored by Senators Sheldon Whitehouse (D RI) and Cynthia Lummis (R WY), and Representatives Ro Khanna (D CA) and Ken Buck (R CO). It is focused on standardizing an electronic database of foreign agent information to increase accessibility to that data.
The ABA Task Force recommendations went further, including suggestions that some of the exemptions to the bill be revised, and that the DOJ be given the ability to issue civil investigative demands and fines.
At an ACI webinar about the Task Force’s report, Matt Sanderson, a partner at Caplin & Drysdale, said that some of the recommendations “can be undertaken by the Department, even in the absence of new legislation.”
Regarding the proposed bill, Sanderson told news site Axios, “There’s much more to be done, but I would imagine that the sponsors of the bill share that same mindset [as the drafters of the Task Force Report] – that this is a helpful step, but not the end all be all of FARA reform.”
Let us know your thoughts on FARA and the proposed FARM Act, and how your clients are complying.