Bill > HR2124

This bill, known as the Land And National Defense Act (LAND Act), establishes new restrictions on foreign purchases of agricultural land in the United States. The legislation requires foreign purchasers to be subject to the same land ownership restrictions that would apply to U.S. citizens in the foreign purchaser's home country, as well as any additional state-level restrictions. The bill creates a U.S. Land Protection Task Force, composed of representatives from the Department of Agriculture, Committee on Foreign Investment in the United States, Department of Justice, and State Department, to monitor and report on foreign agricultural land purchases. Sellers must report sales to foreign purchasers to the Secretary of Agriculture, who will then notify local congressional representatives. The bill provides detailed rules for determining a foreign purchaser's "home country" for individuals with single or multiple citizenships, companies, and foreign governments, taking into account the most restrictive land ownership laws. The Task Force will submit semi-annual reports to Congress detailing the percentage of agricultural land sold to foreign purchasers, including information about location, purchase cost, title history, and proximity to military installations. The legislation aims to provide increased transparency and oversight of foreign agricultural land acquisitions while ensuring reciprocal treatment based on each country's existing land ownership regulations.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/2124/all-info