Securing America’s Land from Foreign Interference Act

Bill: 117-s-4703
Sponsor: full_name: Sen. Cotton, Tom [R-AR]
Introduced: 2022-08-02
Policy area: International Affairs
Latest action: action_date: 2022-08-02
text: Read twice and referred to the Committee on Foreign Relations.

Summaries:
action_date: 2022-08-02
action_desc: Introduced in Senate
text: <p><strong>Securing America's Land from Foreign Interference Act</strong></p> <p>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.</p> <p>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.</p>

tv_txt: II 117th CONGRESS 2d Session S. 4703 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.

1. Short title This Act may be cited as the Securing America’s Land from Foreign Interference Act . 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. 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 .