Restrictions on Foreign Purchase of Agricultural Land
This bill introduces new rules for foreign individuals and companies buying agricultural land in the U.S. The main change is that foreign purchasers will face the same restrictions on buying agricultural land as U.S. citizens would in their home countries. This aims to protect American agricultural land and national security.
Key points
Foreigners buying U.S. agricultural land will be subject to the same restrictions as U.S. citizens face in the purchaser's home country.
Sellers of agricultural land to foreign purchasers must report these sales to the Department of Agriculture.
A new task force will be established to monitor foreign purchases of agricultural land and identify violations.
Status:
Introduced
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