HR1184-119

2. Restricting the purchase of agricultural land by foreign persons 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— prohibiting each covered foreign country (or a person acting on behalf of a covered foreign country) from purchasing agricultural land in the State; and 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. 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.) should be updated to ensure accurate documentation and monitoring of foreign investment in agricultural land. 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— an assessment of the impact of this Act with respect to national security; and any measures that can be taken to better secure real estate in the United States from foreign manipulation. In this section: The terms agricultural land and foreign person have the meanings given those terms in section 9 of the Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3508). The term covered foreign country— 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 includes Russia. The term covered program funds means funds made available under Public Law 117–169 for— Environmental and Climate Data Improvement; Electric Loans for Renewable Energy; Assistance for Distressed Borrowers; the Equity Commission; Assistance and Support for Underserved Farmers, Ranchers, and Foresters; the Forest Legacy Program; the Urban and Community Forestry Assistance Program; Home Energy Performance-Based, Whole-House Rebates; the High-Efficiency Electric Home Rebate Program; State-Based Home Efficiency Contractor Training Grants; Assistance for Latest and Zero Building Energy Code Adoption; Investing in Coastal Communities and Climate Resilience; Acquisition of Hurricane Forecasting Aircraft; the DHS Office of Chief Readiness Support Officer; Conservation and Resilience; Conservation and Ecosystem Restoration; Canal Improvement Projects; or Climate Change Technical Assistance for Insular Areas.