Boosts oversight of foreign purchases of U.S. farmland and land near military bases.
This bill would increase government review of agricultural land and non-residential property near military bases. This review applies when these properties are purchased by certain foreign individuals or companies. It would also require more detailed reporting on all foreign-owned agricultural land, regardless of size. Additionally, it would stop federal aid for some foreign-owned farmland. These changes aim to enhance national security and transparency regarding foreign land holdings.
Today, the government reviews some foreign investments. However, it does not review all agricultural land deals or real estate near military bases by certain foreign individuals or companies. Foreign individuals and companies must report agricultural land ownership, but only above a certain acreage. Long-term leases are also not explicitly covered. After this bill, the government would review more foreign purchases of agricultural land and non-residential land near military bases. All foreign-owned agricultural land, regardless of size, would need to be reported. This includes leases longer than 5 years. Federal aid would also be blocked for agricultural land partly owned by certain foreign individuals or companies.
S 1012 · 119th Congress · March 12, 2025 · AI Summary by gemini-2.5-flash · 8/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.