HR1184-119

What This Bill Does

The Stop CCP Land Act pressures states to restrict agricultural land purchases by covered foreign countries. Beginning one year after enactment, a state may not receive covered USDA program funds unless it has a state law prohibiting covered foreign countries or persons acting on their behalf from purchasing agricultural land. The state law must also require covered foreign persons that already hold agricultural land to report those holdings annually to the state agriculture department or equivalent office. USDA must report to Congress on updating the Agricultural Foreign Investment Disclosure Act, and GAO must submit a report assessing foreign agricultural land investment issues.

Who Benefits and How

States that enact covered foreign land restrictions benefit by preserving access to covered USDA program funds. Farmers concerned about foreign land ownership benefit from state purchase bans aimed at covered foreign countries. National security advocates benefit from stronger monitoring of foreign investment in agricultural land. State agriculture departments benefit from annual holding reports that make covered foreign ownership more visible.

Who Bears the Burden and How

States without qualifying laws risk losing covered USDA program funds after the one-year deadline. Covered foreign countries and their agents are barred from purchasing agricultural land in compliant states. Existing covered foreign landholders must file annual reports on agricultural holdings. USDA and GAO must produce reports on disclosure modernization and foreign agricultural land investment.

Key Provisions

• Conditions covered USDA program funds on state laws banning agricultural land purchases by covered foreign countries.
• Requires annual reporting by covered foreign persons that already hold agricultural land.
• Directs USDA to report on updating the Agricultural Foreign Investment Disclosure Act.
• Requires GAO to assess foreign investment in agricultural land and related monitoring issues.