Restrictions on Foreign Investment in US Agriculture for National Security
This act aims to strengthen oversight of foreign investment in US agricultural land and industry. It introduces stricter penalties for failing to report such investments, increases data transparency, and restricts foreign entities' access to farmer support programs. The goal is to protect the nation's food and national security.
Key points
Increased financial penalties for failing to report or falsely reporting foreign investments in agricultural land.
Public disclosure of names of entities non-compliant with investment reporting requirements.
Introduction of due diligence requirements for all entities involved in the purchase or transfer of agricultural land.
Prohibition of foreign entities from participating in Farm Service Agency (FSA) farmer support programs.
Creation of a new database to monitor foreign ownership of agricultural land and appointment of a dedicated oversight official.
Expansion of the Committee on Foreign Investment in the United States (CFIUS) authority to review transactions involving agricultural and other critical real estate if the value exceeds $5 million or 320 acres.
Introduced
Citizen Poll