Stop CCP Land Act

To require that a State be ineligible to receive funds under certain Federal programs unless the State has in effect a State law restricting the purchase of agricultural land by certain foreign persons, and for other purposes. 1. Short title This Act may be cited as the Stop China’s Continuous Purchase of Land Act Stop CCP Land Act 2. Restricting the purchase of agricultural land by foreign persons (a) Eligibility To receive covered program funds Beginning on the date that is 1 year after the date of the enactment of this Act, a State may not receive covered program funds unless that State has in effect a State law— (1) prohibiting each covered foreign country (or a person acting on behalf of a covered foreign country) from purchasing agricultural land in the State; and (2) requiring that persons from a covered foreign country that hold agricultural land in the State prior to the date of the enactment of the State law described in paragraph (1) annually submit a report to the State department of agriculture (or equivalent) with respect to such agricultural holdings. (b) Reports (1) Secretary of Agriculture report Not later than 1 year after the date of the enactment of this Act, the Secretary of Agriculture shall submit to Congress a report on how the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3501 et seq. (2) GAO report Not later than 90 days after the date of the enactment of this Act, the Comptroller General of the United States shall submit to Congress a report that includes— (A) an assessment of the impact of this Act with respect to national security; and (B) any measures that can be taken to better secure real estate in the United States from foreign manipulation. (c) Definitions In this section: (1) AFIDA terms The terms agricultural land foreign person 7 U.S.C. 3508 (2) Covered foreign country The term covered foreign country (A) means a country listed on the State Department’s Defense Trade Control Country Policies List (listed in table 1 to paragraph (d)(1) under section 126.1 of title 22, Code of Federal Regulations); and (B) includes Russia. (3) Covered program funds The term covered program funds Public Law 117–169 (A) Environmental and Climate Data Improvement; (B) Electric Loans for Renewable Energy; (C) Assistance for Distressed Borrowers; (D) the Equity Commission; (E) Assistance and Support for Underserved Farmers, Ranchers, and Foresters; (F) the Forest Legacy Program; (G) the Urban and Community Forestry Assistance Program; (H) Home Energy Performance-Based, Whole-House Rebates; (I) the High-Efficiency Electric Home Rebate Program; (J) State-Based Home Efficiency Contractor Training Grants; (K) Assistance for Latest and Zero Building Energy Code Adoption; (L) Investing in Coastal Communities and Climate Resilience; (M) Acquisition of Hurricane Forecasting Aircraft; (N) the DHS Office of Chief Readiness Support Officer; (O) Conservation and Resilience; (P) Conservation and Ecosystem Restoration; (Q) Canal Improvement Projects; or (R) Climate Change Technical Assistance for Insular Areas.

Summary: Stop China’s Continuous Purchase of Land Act or the Stop CCP Land ActThis bill requires states that receive certain federal program funds to restrict the purchase of agricultural land by a covered foreign country. Covered foreign country means a country included in Department of State regulations as subject to certain prohibitions (i.e., Belarus, Burma, China, Cuba, Iran, North Korea, Syria, and Venezuela), as well as Russia.Specifically, a state may not receive funds for certain programs funded by the Inflation Reduction Act of 2022 (e.g., certain energy efficiency and conservation programs) unless that state has a law prohibiting a covered foreign country (or persons acting on behalf of the country) from purchasing agricultural land in the state. Further, a state must require that a person from a covered foreign country that holds agricultural land in the state prior to the state law's enactment submit an annual report to the state on the agricultural holdings.The Department of Agriculture must submit a report to Congress on how the Agricultural Foreign Investment Disclosure Act of 1978 should be updated to ensure accurate documentation and monitoring of foreign investment in agricultural land.The Government Accountability Office must submit a report to Congress that includes (1) an assessment of this bill's impact on national security, and (2) any measures that can be taken to better secure U.S. real estate from foreign manipulation.