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Restricting Foreign Investment in US Farmland to Protect National Security

This bill aims to safeguard US agriculture and national security by tightening oversight of farmland purchases by foreign entities, particularly those deemed threats (like China and Russia). It introduces significantly higher penalties for concealing land ownership information and bans foreign owners from participating in federal farm support programs. Citizens can expect greater transparency regarding who owns US agricultural land and stronger defenses against agricultural espionage.
Key points
Increased financial penalties (minimum 5%, up to 25% of value) for failing to report or falsely reporting foreign ownership of agricultural land.
Foreign owners and operators of farmland are prohibited from participating in Farm Service Agency (FSA) support programs.
Expands government review (CFIUS) of real estate transactions (over 320 acres or $5M) near critical infrastructure if the buyer is a foreign entity of concern.
Requires public disclosure of names of individuals penalized for non-compliance with land ownership reporting rules.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_2060
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2023-06-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

FARMLAND Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_2060.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-20.

What are the main provisions?

Key points include:

  • Increased financial penalties (minimum 5%, up to 25% of value) for failing to report or falsely reporting foreign ownership of agricultural land.
  • Foreign owners and operators of farmland are prohibited from participating in Farm Service Agency (FSA) support programs.
  • Expands government review (CFIUS) of real estate transactions (over 320 acres or $5M) near critical infrastructure if the buyer is a foreign entity of concern.
  • Requires public disclosure of names of individuals penalized for non-compliance with land ownership reporting rules.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Agriculture Security Real Estate