What this bill does
AI plain-language summaryThis bill gives the federal government more power to watch over and review foreign purchases of American farmland and other important land. It requires a government committee called CFIUS to review land deals involving foreign buyers when the purchase is over $5 million or more than 320 acres, especially for land used for farming, energy, or materials important to national defense and technology. The bill also creates a new position within the Department of Agriculture to make sure foreign landowners are following the rules and to investigate efforts to steal farming knowledge or disrupt American agriculture. It blocks foreign landowners from receiving certain farm aid programs and requires the government to build a database tracking agricultural land owned by foreign individuals or companies.
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