PRIA Logo™
119-s-2258119th CongressWALLET

Protecting Our Farms and Homes from China Act

Sponsored By: Senator Hawley, Josh [R-MO]

Introduced

Summary

Blocks purchases of U.S. agricultural land by foreign entities tied to the Government of the People's Republic of China or the Chinese Communist Party. It also temporarily bans those covered entities from buying many types of residential real estate and sets rules to force divestment, fines, and enforcement.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 1 costs, 1 mixed.

Ban on foreign ownership of farms

This bill would make it unlawful for covered foreign entities to buy or lease U.S. agricultural land. Covered foreign entities that already hold such land would have to file a letter of intent to divest within 180 days and complete divestment within 1 year. The Agriculture Secretary would issue rules and create an office to enforce the ban within 180 days. The bill would let the Secretary fine $100 per acre per day for violations. Violations could also bring criminal penalties, forfeiture of the land, and required public sale at auction.

Temporary ban on foreign home purchases

This bill would bar covered foreign entities from buying U.S. residential units during a covered period. The covered period would start at enactment and end 2 years later unless the President extends it by 2 years. If enacted, covered foreign entities that already own units would have to divest within 1 year. The Commerce Secretary would set up rules and an office to enforce the ban. The bill would let the government fine $1,000 per unit per day and allow the Attorney General to seize assets and seek injunctions. The Commerce Secretary would have to report to Congress within 540 days on housing market effects.

Void noncompete agreements at farms

This bill would void any noncompete between an employee and a covered foreign entity that owns or leases U.S. agricultural land. If enacted, those noncompetes would have no legal force starting upon enactment.

Sponsors & CoSponsors

Sponsor

Hawley, Josh [R-MO]

MO • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation