Bill 119 hr 1438, also known as the "Protecting American Farms and Farmland Act," aims to prevent individuals associated with certain foreign governments from purchasing or leasing agricultural land in the United States. The bill is designed to safeguard American farmland and food security by restricting foreign ownership and control of agricultural assets. Under this legislation, individuals with ties to countries that pose a national security risk, such as China, Russia, and Iran, would be prohibited from acquiring agricultural land in the US. The bill also includes provisions to enhance transparency and oversight of foreign investments in American agriculture. Supporters of the bill argue that limiting foreign ownership of agricultural land is essential to protect American farmers and ensure the long-term sustainability of the nation's food supply. They believe that allowing foreign entities to control large swaths of farmland could jeopardize national security and economic stability. Opponents of the bill, however, raise concerns about potential negative impacts on international trade and investment. They argue that restricting foreign ownership of agricultural land could lead to retaliatory measures from other countries and hinder US efforts to promote global food security. Overall, Bill 119 hr 1438 seeks to strike a balance between protecting American interests and maintaining a competitive and open agricultural market. The bill is currently under consideration in Congress and has sparked debate among lawmakers and stakeholders in the agriculture industry.
Bill 119 hr 1438, also known as the "Protecting American Farms and Farmland Act," aims to prevent individuals associated with certain foreign governments from purchasing or leasing agricultural land in the United States. The ...