{"id":3159,"date":"2023-07-19T00:00:00","date_gmt":"2023-07-19T00:00:00","guid":{"rendered":"https:\/\/gatebizglobal.com\/gop-dem-senators-team-up-bill-protect-us-farmland-from-foreign-ownership\/"},"modified":"2023-07-19T00:00:00","modified_gmt":"2023-07-19T00:00:00","slug":"gop-dem-senators-team-up-bill-protect-us-farmland-from-foreign-ownership","status":"publish","type":"post","link":"https:\/\/gatebizglobal.com\/gop-dem-senators-team-up-bill-protect-us-farmland-from-foreign-ownership\/","title":{"rendered":"GOP, Dem senators team up with bill to protect US farmland from foreign ownership"},"content":{"rendered":"
FIRST ON FOX:<\/strong> Two Midwestern senators from both sides of the aisle are teaming up to crack down on China and foreign countries that are buying up American farmland. The lawmakers have brought forth new legislation that aims to give citizens and Congress<\/a> a “clearer picture of who owns America\u2019s heartland.”<\/p>\n <\/p>\n On Wednesday, Sens. Tammy Baldwin, D-Wis., and Chuck Grassley, R-Iowa, introduced bipartisan legislation that calls for additional “transparency and oversight” of foreign ownership in America’s agricultural industry.<\/p>\n The Farmland Security Act of 2023 aims to “support transparency, collect complete and accurate data on foreign ownership, and better understand the scale and impact of foreign ownership.” The legislation will ensure all foreign investors who purchase American agricultural land will report their holdings, including “shell companies.” The legislation<\/a> will thus strengthen penalties for those who evade filing. <\/p>\n <\/p>\n “Our agricultural economy is the beating heart of Wisconsin\u2019s rural communities. But when foreign investors own farmland and agricultural processing capacity, it can put our national security, domestic food supply, and local communities at risk,” Baldwin said in a statement.<\/p>\n <\/p>\n