Increased Oversight of Foreign Purchases of Farmland and Real Estate Near Military Bases.
This law tightens government scrutiny over who purchases US agricultural land and real estate near military installations, particularly targeting buyers from countries deemed a national security risk. It mandates greater transparency regarding land ownership by removing minimum acreage reporting requirements and prohibits federal subsidies for such foreign-owned agricultural holdings. Citizens will have better access to information about foreign land ownership through new public reports.
Key points
Requires mandatory government review (CFIUS) of transactions involving agricultural land or real estate within 50 miles of military bases by entities from designated risk countries.
Eliminates the minimum acreage requirement for reporting foreign ownership or leasing of agricultural land, increasing public transparency.
Prohibits federal subsidies for agricultural real estate holdings owned by entities from countries identified as national security threats.
Expired
Citizen Poll