Bill 119 hr 1184, also known as the "Foreign Agricultural Land Protection Act," aims to restrict the purchase of agricultural land in the United States by certain foreign individuals or entities. The bill proposes that states must have a law in place that limits the ability of foreign persons to buy agricultural land in order to be eligible to receive funds from certain federal programs.
The main goal of this legislation is to protect American agricultural land from being purchased by foreign investors who may not have the best interests of the US agricultural industry in mind. By requiring states to have laws in place that restrict foreign ownership of agricultural land, the bill seeks to ensure that American farmers have access to the land they need to produce food and other agricultural products.
In addition to the restriction on foreign ownership of agricultural land, the bill also includes provisions for enforcement and penalties for states that do not comply with the requirements. This is meant to incentivize states to take action to protect their agricultural land from foreign ownership.
Overall, the Foreign Agricultural Land Protection Act is aimed at safeguarding American agricultural land and ensuring that it remains in the hands of American farmers. It is a measure that seeks to balance the need for foreign investment with the need to protect the interests of American farmers and the US agricultural industry as a whole.