The Senate on Tuesday easily cleared an amendment to the National Defense Authorization Act barring investors from China, Russia, Iran, and North Korea from purchasing U.S. farmland. The measure, approved with a 91-7 majority, also necessitates a review from the Committee on Foreign Investment in the U.S (CFIUS) on overseas land purchases exceeding $5 million or 320 acres from investors from any other country. The vote revealed bipartisan support, with only seven senators, six Democrats and one Republican, opposing it.
Senate Easily Passes Restrictions on U.S. Farmland Purchases
The Senate on Tuesday easily cleared an amendment to the National Defense Authorization Act barring investors from China, Russia, Iran, and North Korea from purchasing U.S. farmland.
(Lindsey Pound)
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