; and (IV) in clause (v), by striking subparagraph (B)(iii) and inserting clauses (iii) and (vi) of subparagraph (B) ; and (v) in subparagraph (E), by striking clauses (ii) and (iii) and inserting clauses (ii), (iii), (iv), and (vii) ; and (B) by adding at the end the following: (14) Agriculture The term agriculture has the meaning given such term in section 3 of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 203 ). ; (2) in subsection (k)(2)— (A) by redesignating subparagraphs (H), (I), and (J), as subparagraphs (I), (J), and (K), respectively; and (B) by inserting after subparagraph (G) the following new subparagraph: (H) The Secretary of Agriculture. ; and (3) by adding at the end the following: (r) Prohibition with respect to agricultural companies and real estate (1) In general Notwithstanding any other provision of this section, if the Committee, in conducting a review and investigation under this section, determines that a transaction described in clause (i), (vi), or (vii) of subsection (a)(4)(B) would result in control by a covered foreign person of or investment by a covered foreign person in a United States business engaged in agriculture or private real estate used in agriculture, the President shall prohibit such transaction. (2) Waiver The President may waive, on a case-by-case basis, the requirement to prohibit a transaction under paragraph (1), not less than 30 days after the President determines and reports to the relevant committees of jurisdiction that it is vital to the national security interests of the United States to waive such prohibition. (3) Defined terms In this subsection: (A) Covered foreign person The term covered foreign person means a person that is— (i) acting on behalf of or otherwise directed by the government of a prohibited country; (ii) a citizen of a prohibited country; (iii) an entity that— (I) is registered or organized in a prohibited country; or (II) has a principal place of business in a prohibited country