Texas Congresswoman Introduces Legislation to Prevent China From Buying US Farmland
A congresswoman from Texas has introduced legislation aimed at preventing foreign adversaries, particularly China, from buying U.S. farmland.
Rep. Beth Van Duyne (R-Texas), a member of the House Committee on Ways and Means, introduced the legislation on June 9. Known as the Protecting American Farmland Act (H.R.3996), the bill would amend the U.S. tax code, preventing undisclosed purchases of American farmland in connection with a 60 percent exercise tax imposed on “country of concern” buyers.
“China is relentlessly trying to undermine our country—whether it’s poisoning our citizens with fentanyl smuggled in through our southern border, spying on us, or filling the global stage that has been left empty by the Biden Administration,” Van Duyne said in a statement accompanying the bill’s introduction….