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Shop NowMissouri Sen. Josh Hawley has unveiled legislation with the purpose of stopping Chinese corporations and entities connected to the CCP from buying up U.S. farmland.
If voted in Hawley’s “This Land is Our Land Act” it would force Beijing-backed businesses to divest their interest in U.S. agricultural land. It would also prevent more Chinese companies from buying acreage. The bill has revealed at the same time that growing concern by both parties has risen over China’s growing economic influence abroad, as well as in the United States.
Josh Hawley unveils bill to stop Chinese corporations, CCP-linked entities from buying US farmland https://t.co/xFh14szJHL
— Fox News (@FoxNews) March 7, 2023
“No Chinese corporation or individual associated with the CCP should be permitted to own American farmland. It undermines the integrity of our nation’s food supply chain, it presents national security threats when the land is in proximity to military installations, and it hurts American farmers,’ said Hawley in an interview with Fox News Digital.
Midwest lawmakers have openly shared their concerns about national security in connection with China’s purchases of vast tracts of farmland. There have been two major concerns with Chinese interest in American farmland: 1. most properties being bought are close to areas of sensitive military activity, and 2. Beijing’s possible control over the U.S. food supply.
“This Land is Our Land Act” would stop, or at least put limitations on, corporations backed by China acquiring, or leasing, agricultural land in the U.S. The bill would also prohibit similar deals by people or groups linked to the ruling Chinese Communist Party.
A new bill expected to be introduced by GOP Sen. Josh Hawley on Monday seeks a stock-trading ban for executive branch officials https://t.co/NQhtTSuxMW
— Josh Hawley (@HawleyMO) March 5, 2023
Hawley’s bill also forces Chinese interests to relinquish their hold on the farmland in the future. One year after the bill’s passage, Chinese entities with existing leases or stakes of interest would be forced to sign a “letter of intent” to signal that they will part from those assets.
The bill also implements criminal penalties and fines on the companies if they don’t divest within two years. There is also the threat of asset forfeiture.
