Title: Securing America’s Land from Foreign Interference Act
Policy area: International Affairs

Summary:
Securing America's Land from Foreign Interference Act
This bill requires the President to take actions as necessary to prohibit members of the Chinese Communist Party (CCP) (or foreign individuals or entities acting on behalf of the CCP) from purchasing real estate located in the United States.
The bill also modifies an existing civil penalty for failing to satisfy a reporting requirement relating to a foreign individual or entity that acquires or transfers an interest in U.S. agricultural land. Under this bill, the civil penalty for failing to report the required information to the Department of Agriculture must be at least 10% of the fair market value of the relevant interest in agricultural land.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 4703 Introduced in Senate (IS)]

<DOC>






117th CONGRESS
  2d Session
                                S. 4703

  To direct the President to take such actions as may be necessary to 
 prohibit the purchase of public or private real estate located in the 
 United States by the Chinese Communist Party, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             August 2, 2022

 Mr. Cotton (for himself, Mr. Tuberville, and Mr. Marshall) introduced 
the following bill; which was read twice and referred to the Committee 
                          on Foreign Relations

_______________________________________________________________________

                                 A BILL


 
  To direct the President to take such actions as may be necessary to 
 prohibit the purchase of public or private real estate located in the 
 United States by the Chinese Communist Party, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Securing America's Land from Foreign 
Interference Act''.

SEC. 2. PROHIBITION ON PURCHASE OF PUBLIC OR PRIVATE REAL ESTATE 
              LOCATED IN THE UNITED STATES BY THE CHINESE COMMUNIST 
              PARTY.

    (a) In General.--Notwithstanding any other provision of law, the 
President shall take such actions as may be necessary to prohibit the 
purchase of public or private real estate located in the United States 
by any member of the Chinese Communist Party or any foreign person 
acting for or on behalf of the Chinese Communist Party.
    (b) Definitions.--In this section:
            (1) Foreign person.--The term ``foreign person'' means an 
        individual or entity that is not a United States person.
            (2) United states.--The term ``United States'' means the 
        several States, the District of Columbia, the Commonwealth of 
        Puerto Rico, the Commonwealth of the Northern Mariana Islands, 
        American Samoa, Guam, the United States Virgin Islands, and any 
        other territory or possession of the United States.
            (3) United states person.--The term ``United States 
        person'' means--
                    (A) a United States citizen or an alien lawfully 
                admitted for permanent residence to the United States; 
                or
                    (B) an entity organized under the laws of the 
                United States or any jurisdiction within the United 
                States, including a foreign branch of such an entity.

SEC. 3. PENALTY AMOUNT UNDER AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE 
              ACT OF 1978.

    Section 3(b) of the Agricultural Foreign Investment Disclosure Act 
of 1978 (7 U.S.C. 3502(b)) is amended by striking ``exceed 25 percent 
of'' and inserting ``be less than 10 percent, or exceed 25 percent, 
of''.
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