S 4703 · 117th Congress · International Affairs
Securing America’s Land from Foreign Interference Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Foreign Relations.(2022-08-02)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only