Restrictions on Foreign Purchase of Agricultural Land
This act introduces new rules for foreign individuals and companies buying agricultural land in the U.S. Their ability to purchase land will depend on the rules that apply to U.S. citizens in their home countries. This aims to protect American agricultural land and national security.
Key points
Foreign purchasers of U.S. agricultural land will face the same restrictions as U.S. citizens in their home countries.
Sellers of agricultural land must report sales to foreign purchasers to the Department of Agriculture.
A special task force will be established to monitor foreign agricultural land purchases and report to Congress.
Status:
Expired
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