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This Land Is Our Land Act

Source: Congress.gov  ·  1,364 words in original text
This bill prevents certain foreign entities connected to China from buying, leasing or owning agricultural land in the United States. It requires any covered foreign entities that currently own or lease U.S. agricultural land to sell those interests within two years, with a one-year deadline to sign an intent-to-sell letter. ##
Companies incorporated in China (including Hong Kong and Macau), organizations that work on behalf of the Chinese government, people affiliated with the Chinese Communist Party, entities owned or controlled by these groups, and board members or executives of these organizations. ##
• It is illegal for covered foreign entities to buy or lease any interest in U.S. agricultural land (Sec. 3(a)) • Covered foreign entities that currently own or lease U.S. agricultural land must sign a letter of intent to sell within one year of the law taking effect (Sec. 3(b)(2)) • Covered foreign entities must complete the sale of all U.S. agricultural land interests within two years of the law taking effect (Sec. 3(b)(1)) • The Secretary of Agriculture can fine violators $100 per acre per day that the land is unlawfully owned or leased (Sec. 3(c)) • Criminal violations can result in fines and up to five years in prison, and the government can seize and sell the land at public auction (Sec. 3(d)) • Any noncompete agreements (contracts preventing employees from working for competitors) between covered foreign entities and their employees become unenforceable (Sec. 3(e)) ##
If this bill becomes law, covered foreign entities lose the legal right to hold any interest in U.S. agricultural land. They must divest from current holdings within a set timeline. The Department of Agriculture will establish an office to monitor compliance and collect fines. The government gains the power to seize agricultural land held in violation of this law and sell it publicly. ##
**Agricultural land** includes land used for farming, ranching, timber production, or food processing, plus idle land that was used for these purposes within the previous five years. **Covered foreign entity** includes corporations incorporated in China, any organization working for the Chinese government, people affiliated with the Chinese Communist Party, entities owned or controlled by these groups, and board members or executives of these organizations. **Noncompete agreement** is a contract between an employer and employee that stops the employee from working for a competitor, in a certain area, or for similar work after leaving that job. ##
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.