Restricting Foreign Purchase of Agricultural Land
This bill aims to restrict certain foreign countries, including China and Russia, from purchasing agricultural land in the U.S. States failing to implement such restrictions may lose access to federal funds for environmental and agricultural programs. Citizens might experience an impact on the availability of agricultural and environmental support programs in their states.
Key points
States must prohibit agricultural land purchases by specified foreign countries to receive federal funds.
Covered countries include those on the State Department's Defense Trade Control list, such as Russia.
Foreign persons already owning agricultural land must submit annual reports to state authorities.
Status:
Introduced
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