(A) a corporation that is incorporated in 
the People’s Republic of China, including the 
Special Administrative Regions of China, in-
cluding Hong Kong and Macau; 
(B) a person, business trust, business asso-
ciation, company, institution, government agen-
cy, university, partnership, limited liability com-
pany, corporation, or any other individual or or-
ganization that can legally enter into contracts, 
own properties, or pay taxes on behalf of the 
Government of the People’s Republic of China; 
(C) an individual or organization affiliated 
with the Chinese Communist Party; 
(D) an entity owned or controlled by, or 
that performs activities on behalf of, an indi-
vidual, organization, or person described in sub-
paragraph (A), (B), or (C); and 
(E) an individual that is a member of the 
board of directors, an executive officer, or a 
senior official of a corporation or organization 
described in subparagraph (A), (B), (C), or 
(D). 
(3) NONCOMPETE
AGREEMENT.—The term 
‘‘noncompete agreement’’ means an agreement en-
tered into between an employer and an employee 
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that restricts that employee from performing, after 
the employment relationship between the employer 
and the employee terminates, any of the following: 
(A) Any work for another employer for a 
specified period of time. 
(B) Any work in a specified geographical 
area. 
(C) Any work for another employer that is 
similar to that employee’s work for the em-
ployer that is a party to that agreement. 
(4) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Agriculture. 
(5) STATE.—The term ‘‘State’’ means each of 
the several States of the United States. 
(6) 
TERRITORY.—The 
term 
‘‘territory’’ 
means— 
(A) the District of Columbia; 
(B) the Commonwealth of Puerto Rico; 
(C) the United States Virgin Islands; 
(D) Guam; 
(E) the Commonwealth of the Northern 
Mariana Islands; and 
(F) American Samoa. 
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(7) UNITED
STATES
AGRICULTURAL
LAND.— 
The term ‘‘United States agricultural land’’ means 
agricultural land located in a State or territory. 
SEC. 3. PROHIBITION OF ACQUISITION, LEASING, OR OWN-
ERSHIP OF UNITED STATES AGRICULTURAL 
LAND BY COVERED FOREIGN ENTITIES. 
(a) PROHIBITION
OF ACQUISITION
OF AGRICUL-
TURAL LAND.—It shall be unlawful for a covered foreign 
entity— 
(1) to acquire any interest in United States ag-
ricultural land; or 
(2) to lease any interest in United States agri-
cultural land. 
(b) DIVESTMENT REQUIREMENT.— 
(1) IN GENERAL.—Not later than 1 year after 
the date of enactment of this Act, a covered foreign 
entity that owns or leases an interest in United 
States agricultural land shall divest itself from any 
ownership or lease interests in United States agri-
cultural land. 
(2) LETTERS OF INTENT.—Not later than 180 
days after the date of enactment of this Act, a cov-
ered foreign entity that owns or leases an interest in 
United States agricultural land shall sign a letter of 
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intent to divest itself from any ownership or lease in-
terests in United States agricultural land. 
(c) PENALTY.—The Secretary shall fine a covered 
foreign entity that owns or leases an interest in United 
States agricultural land in violation of subsection (a) or 
(b) in an amount equal to $100 per acre per day that 
the covered entity owns or leases the interest in violation 
of subsection (a) or (b). 
(d) CRIMINAL ENFORCEMENT.— 
(1) PENALTIES.—A covered foreign entity that 
violates subsection (a) or (b) shall be fined under 
title 18, United States Code, imprisoned for not 
more than 5 years, or both. 
(2) FORFEITURE.— 
(A) IN GENERAL.—In an action brought 
by the Attorney General, any United States ag-
ricultural land owned in violation of subsection 
(a) or (b) shall be subject to forfeiture to the 
United States in accordance with chapter 46 of 
title 18, United States Code. 
(B) PUBLIC
AUCTION
OF
FORFEITED 
LAND.—Notwithstanding section 981(e) of title 
18, United States Code, the Attorney General 
shall sell through a public auction any United 
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States agricultural land that is forfeited to the 
United States under this paragraph. 
(e) NULLIFICATION
OF
AGREEMENTS.—Notwith-
standing any other provision of law, any noncompete 
agreement entered into between a covered foreign entity 
that owns or leases an interest in United States agricul-
tural land and an employee of the covered foreign entity 
shall have no force or effect. 
(f) IMPLEMENTATION.— 
(1) IN
GENERAL.—Not later than 180 days 
after the date of enactment of this Act, the Sec-
retary, in coordination with the Attorney General, 
shall issue guidance and regulations to implement 
this Act. 
(2) OFFICE.—Not later than 180 days after the 
date of enactment of this Act, the Secretary shall es-
tablish an office within the Department of Agri-
culture for the purpose of— 
(A) monitoring compliance with this Act; 
and 
(B) imposing fines under subsection (c). 
(g) INVESTIGATIVE ACTIONS.—The Secretary may 
carry out such actions as the Secretary determines to be 
necessary to monitor compliance with this Act. 
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SEC. 4. TEMPORARY PROHIBITION ON PURCHASING RESI-
DENTIAL REAL ESTATE. 
(a) DEFINITIONS.—In this section: 
(1) COVERED PERIOD.—The term ‘‘covered pe-
riod’’ means the period— 
(A) beginning on the date of enactment of 
this Act; and 
(B) ending on— 
(i) the date that is 2 years after the 
date of enactment of this Act; or 
(ii) if the President makes an exten-
sion under subsection (f), the date on 
which the extension expires under that 
subsection. 
(2) RESIDENTIAL
REAL
ESTATE.—The term 
‘‘residential real estate’’ means— 
(A) a single-family home; 
(B) a unit in a condominium or a condo-
minium; 
(C) a townhouse; 
(D) a unit in a cooperative or a coopera-
tive; 
(E) a unit in a duplex or a duplex; 
(F) a unit in a triplex or a triplex; 
(G) a unit in a fourplex or a fourplex; and 
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