Securing America's Land from Foreign Interference Act
This bill requires the President to take actions as necessary to prohibit members of the Chinese Communist Party (CCP) (or foreign individuals or entities acting on behalf of the CCP) from purchasing real estate located in the United States.
The bill also modifies an existing civil penalty for failing to satisfy a reporting requirement relating to a foreign individual or entity that acquires or transfers an interest in U.S. agricultural land. Under this bill, the civil penalty for failing to report the required information to the Department of Agriculture must be at least 10% of the fair market value of the relevant interest in agricultural land.