Senate Republicans have introduced new legislation to ban China and Chinese Communist Party-linked firms from buying up land in the United States.
This from slaynews.com.
Senators Tom Cotton (R-AR) and Tommy Tuberville (R-AL) introduced a plan that would protect American land from being bought by the CCP.
The legislation is titled the “Securing America’s Land from Foreign Interference Act.”
The introduction of the measure comes after it emerged that Chinese Communist Party (CCP) investors bought up $6.1 billion of homes and land across America last year.
Senator Cotton said in a statement:
Chinese investments in American farmland put our food security at risk and provide opportunities for Chinese espionage against our military bases and critical infrastructure.
Senator Tuberville, likewise, said the U.S.:
[C]annot continue giving our top adversary a foot in the door to purchase land in the United States and undermine our national security.
The latest U.S. Department of Agriculture (USDA) figure reveals that Chinese investors’ holdings of U.S. farmland have skyrocketed.
American farmland owned by CCP-linked investors is up from 13,720 acres in 2010 to 352,140 acres in 2020.
Foreign investors now hold interest in more than 37 million acres of U.S. farmland—a region larger than the state of Iowa.
