Referred to the Committee on Agriculture, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
H.R. 4706, the Protecting Our Farms and Homes from China Act, prohibits Chinese entities and organizations affiliated with the Chinese Communist Party from acquiring, owning, or leasing agricultural land in the United States, and temporarily bans them from purchasing residential real estate for two years (extendable by the President). Existing Chinese ownership of agricultural land must be divested within one year, with violators subject to civil penalties of $100 per acre per day, criminal penalties of up to five years imprisonment and fines, and forfeiture of property to the government. The bill also applies a $1,000-per-day penalty for residential real estate violations and requires the Departments of Agriculture and Commerce to establish enforcement offices and issue implementing regulations within 180 days. The legislation additionally voids noncompete agreements between Chinese entities and their employees.
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