Sponsors (12)
The bill strengthens national-security oversight of foreign purchases of agricultural land through state restrictions and faster federal review, but at the cost of compliance burdens, possible reductions in land values, and the risk that states could lose federal program funds if they do not act.
State governments and local farms: adopting restrictions on purchases by adversary foreign nations reduces the risk that hostile actors acquire agricultural land and access to critical local food and supply-chain assets.
Secretary of Agriculture and state governments: the USDA is directed to review and recommend updates to the Agricultural Foreign Investment Disclosure Act (AFIDA) within one year, improving federal oversight and policy clarity on foreign agricultural investments.
Taxpayers and state governments: GAO must assess national-security impacts of foreign agricultural land investment and recommend measures within 90 days, creating an independent federal review to inform policymakers.
State governments and rural communities: states that fail to enact the new restrictions within one year risk losing access to federal program funds, potentially reducing funding for rural and climate programs.
State agriculture agencies and landowners: new reporting requirements and purchase prohibitions create recurring administrative burdens and compliance costs (including annual reporting).
Homeowners and farmers: prohibiting certain foreign purchases could depress agricultural land values and reduce investment demand, limiting sale opportunities and potentially lowering property sale prices.
Based on analysis of 2 sections of legislative text.
Conditions eligibility for certain federal agricultural and rural funds on states enacting laws that ban covered foreign countries from buying agricultural land and require annual reporting of prior foreign holdings.
Introduced February 11, 2025 by Stephanie I. Bice · Last progress February 11, 2025
Requires states to pass laws blocking certain foreign countries and their agents from buying agricultural land and to require annual reporting by any foreign holders who already owned land before the law, or the state will lose eligibility for specified federal agricultural and rural program funds beginning one year after enactment. Directs the Secretary of Agriculture to report within one year on updating federal foreign‑land disclosure rules and directs the Comptroller General to report within 90 days on national security risks and safeguards related to foreign real estate ownership.