Sponsors (16)
The bill significantly tightens and expands national‑security screening of foreign purchases—bolstering protection of critical infrastructure and food/agriculture but imposing greater costs, delays, and regulatory uncertainty that may deter investment and complicate transactions for homeowners, businesses, and governments.
Homeowners, local governments, and owners/operators of critical infrastructure (power plants, ports, telecom facilities, data centers) will face stronger CFIUS screening of foreign purchases near sensitive sites, reducing espionage and risks to critical infrastructure.
Farmers, rural communities, and agribusinesses will get greater protection because CFIUS reviews will explicitly consider food/water availability and ag‑biotech risks and include USDA input, helping guard domestic food security and sensitive agricultural technology.
Financial institutions and transaction parties will have clearer guidance about which foreign states trigger special review because the bill explicitly names targeted countries, improving some regulatory certainty for covered deals.
Homeowners, buyers/sellers, financial institutions, and businesses involved in real estate and agricultural deals will face higher transaction costs and longer review timelines as more transactions fall under CFIUS scrutiny.
Farmers, agribusinesses, startups, and foreign investors will be more likely to be deterred from investing in U.S. agriculture, biotechnology, and some real estate markets, reducing capital available to farms and startups.
Small businesses, state and local suppliers, and property owners will face regulatory uncertainty because broad definitions (e.g., 'sensitive site' or telecom facilities), uneven application, and a potential patchwork of state laws can complicate compliance.
Based on analysis of 8 sections of legislative text.
Expands CFIUS review to cover real estate and agricultural transactions by designated foreign adversary persons, presumes many such deals pose national security risks, and adds USDA to reviews.
Official title: To protect U.S. food security, provide the Committee on Foreign Investment in the United States greater jurisdiction over land purchases, impose special guards against foreign adversary purchases of land in the United States near sensitive sites, expand the definition of sensitive sites, and for other purposes.
Introduced May 7, 2026 by John Moolenaar · Last progress May 7, 2026
Expands CFIUS authority to cover real estate and agricultural transactions involving designated "foreign adversaries," creates new definitions (including "sensitive site" and "elevated risk real estate transaction"), and presumes many such transactions pose unresolvable national security risks unless CFIUS clears them by clear and convincing evidence. It also requires the Secretary of Agriculture to participate in agriculture-related reviews, preserves generally applicable State restrictions on foreign purchases, and directs CFIUS to issue implementing rules within 120 days of enactment. The bill focuses on preventing acquisition of U.S. farmland, agricultural biotechnology, and property near military, intelligence, transportation, and communications facilities by persons tied to six named foreign adversary countries, shifts burdens to parties to rebut statutory presumptions, and adds mandatory inter‑committee notifications when CFIUS decides a transaction is not a risk or that risks can be mitigated.