Ban on Agricultural Land Purchase by Entities Linked to China, Russia, Iran, and North Korea.
This Act aims to protect food and national security by prohibiting the purchase or lease of U.S. agricultural land—both public and private—by individuals and entities associated with the governments of China, Russia, Iran, and North Korea. U.S. citizens and permanent residents are excluded from this prohibition. Furthermore, the Act increases transparency and penalties for failing to disclose foreign agricultural investments, ensuring better oversight of who controls critical national resources.
Key points
Prohibition on the purchase or lease of U.S. agricultural land (public and private) by entities associated with the governments of China, Russia, Iran, and North Korea.
Entities currently owning agricultural land are not required to sell it under this Act.
Introduction of stricter financial penalties for failing to disclose foreign investments in agricultural land, including placing a lien on the land until the penalty is paid.
Prohibition of restricted entities from participating in most Department of Agriculture (USDA) programs, excluding food safety and health-related programs.
Increased data transparency: USDA must publish publicly available, updated datasets on foreign agricultural investments, including purchase prices and estimated values.
Expired
Additional Information
Print number: 118_S_926
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2023-03-22