Restrictions on Foreign Investment in US Agriculture and National Defense
New regulations aim to strengthen oversight of foreign investments in US agricultural land, especially from countries deemed a threat. Citizens may experience increased food security and protection of local agriculture, but also heightened requirements for reporting agricultural land transactions.
Key points
Increased penalties for failing to report or falsely reporting foreign agricultural land investments.
Public disclosure of names of entities non-compliant with foreign agricultural investment rules.
Introduction of due diligence requirements for all entities involved in agricultural land purchases or transfers.
Enhanced oversight of agricultural land purchases by countries identified as national security concerns.
Prohibition of foreign owners or operators of agricultural land from participating in farm support programs.
Creation of a digital database of agricultural land owned by foreign persons.
Status:
Introduced
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.