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Voters should care about this bill because it addresses concerns about foreign influence over the U.S. food supply and agricultural resources. If passed, it would tighten controls on who can own or lease farmland in the United States, potentially safeguarding national food security and reducing the strategic acquisition of land by countries considered foreign adversaries. This could prevent potential risks associated with foreign control over critical food production infrastructure.
If this bill becomes law, it would significantly alter the landscape of foreign investment in U.S. agriculture, making it more transparent and restrictive for specific nations. If it doesn't pass, the current rules would remain, allowing entities from these countries to potentially acquire or lease agricultural land and participate in USDA programs, subject to existing, less stringent regulations.
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Voters should care about this bill because it addresses concerns about foreign influence over the U.S. food supply and agricultural resources. If passed, it would tighten controls on who can own or lease farmland in the United States, potentially safeguarding national food security and reducing the strategic acquisition of land by countries considered foreign adversaries. This could prevent potential risks associated with foreign control over critical food production infrastructure.
If this bill becomes law, it would significantly alter the landscape of foreign investment in U.S. agriculture, making it more transparent and restrictive for specific nations. If it doesn't pass, the current rules would remain, allowing entities from these countries to potentially acquire or lease agricultural land and participate in USDA programs, subject to existing, less stringent regulations.
An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)
An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)
| TYPE | AMOUNT | WHO |
|---|---|---|
| civil/criminal | Penalties set forth in subsections (b) and (c) of section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705), which can include substantial fines and/or imprisonment. | A person that knowingly violates, attempts to violate, conspires to violate, or causes a violation of the prohibition on purchasing/leasing agricultural land or any related regulation, license, or order. |
| civil | Not less than 15 percent, or more than 30 percent, of the fair market value of the interest in agricultural land with respect to which the violation occurred. A lien shall be placed on the land until payment. | A person that violates the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA), such as failing to report foreign agricultural land investments. |