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 to prevent undisclosed purchases of U.S. farmland by imposing a 60 percent excise tax on “country of concern” buyers.