Stop CCP Land Act

This bill ties some federal funds to state action on foreign ownership of farmland. To keep certain Inflation Reduction Act program funds (like energy efficiency and conservation programs), a state must have a law that stops people or companies tied to Belarus, Burma, China, Cuba, Iran, North Korea, Syria, Venezuela, and Russia from buying agricultural land. Starting one year after the bill becomes law, states without such a law would lose access to those funds.

People from those countries who already own farmland must file a yearly report on their holdings with the state agriculture department. The Department of Agriculture must also tell Congress how to update the Agricultural Foreign Investment Disclosure Act of 1978 to better track foreign investment in farmland, and the Government Accountability Office must report on national security impacts and ways to better protect U.S. real estate.

• Who is affected: State governments; buyers from Belarus, Burma, China, Cuba, Iran, North Korea, Syria, Venezuela, and Russia; current owners from those countries.
• What changes: States must ban new farmland purchases by those countries to keep certain Inflation Reduction Act funds; current owners must report each year.
• When: Funding limits start 1 year after enactment; USDA report due in 1 year; GAO report due in 90 days; annual reports from current owners continue each year.