Bill > S1012

This bill aims to enhance oversight of foreign investments in U.S. agricultural land by expanding the authority of the Committee on Foreign Investment in the United States (CFIUS). The bill requires CFIUS to review agricultural land transactions and real estate purchases near military installations involving nationals from countries designated as non-market economies or identified as national security risks, such as China and Russia. Additionally, the bill prohibits federal agencies from providing assistance or subsidies to agricultural landholdings owned by nationals of these countries. The legislation also modifies existing reporting requirements, removing minimum acreage restrictions and mandating annual public reports detailing foreign agricultural land holdings on a state and county level. Foreign individuals or entities must now disclose agricultural land acquisitions, transfers, and long-term leases (over 5 years), with the Secretary of Agriculture required to analyze and report on the extent of foreign land ownership, breaking down holdings by country and identifying the sectors in which the land is being used. These provisions are designed to increase transparency and protect U.S. agricultural land from potential national security risks.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/senate-bill/1012/all-info