What this bill does
AI plain-language summaryThis bill requires the government group that reviews foreign investments, known as CFIUS, to look at purchases of U.S. farmland made by people or companies from countries considered economic or national security risks. It also requires CFIUS to review certain farmland purchases or transfers near military bases. The bill blocks federal financial help, like subsidies, from going to farmland owned by those specific foreign persons, and it requires foreign individuals who lease farmland for more than five years to report the lease to the Department of Agriculture. Additionally, the Department of Agriculture must publish a yearly report about farmland owned by foreign persons, with specific details about holdings connected to China and Russia.
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