REPUBLICAN SENATOR JONI ERNST OF IOWA SAYS SHE AND THE MICHIGAN DEMOCRAT WHO CHAIRS THE SENATE AG COMMITTEE ARE CALLING FOR CREATION OF A PUBLIC DATABASE OF U-S AGLAND OWNED BY FOREIGNERS THAT WOULD SET THE STAGE FOR FORCED DIVESTMENT OF REAL ESTATE OWNED BY FOREIGN ENTITIES.
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DIVEST1 OC…….NOT THEIR PLAYGROUND.” :19
ERNST SAYS THE PROPOSAL ALSO WOULD STRENGTHEN FEDERAL OVERSIGHT AND REJECTION OF FOREIGN INVESTMENT IN THE AG SECTOR OF THE U-S ECONOMY.
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DIVEST2 OC…..IN THE PAST.” :08
ACCORDING TO THE U-S-D-A, 37 MILLION ACRES OF U-S FARMLAND IS UNDER FOREIGN OWNERSHIP –384-THOUSAND OF THOSE ACRES ARE OWNED BY CHINA.
IOWA LAW FORBIDS ANY FOREIGN ENTITY FROM OWNING MORE THAN 320 ACRES.
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DIVEST3 OC…….PROHIBITIONS IN PLACE.” :14
OTHER MEMBERS OF THE HOUSE AND SENATE CALLED FOR AN OUTRIGHT BAN ON FOREIGN OWNERSHIP OF U-S FARMLAND.
ERNST SAYS THE BIPARTISAN PROPOSAL SHE’S WORKING ON WOULD GIVE THE U-S-D-A AUTHORITY TO REVIEW THE NATIONAL SECURITY IMPLICATIONS OF CHINESE COMPANIES DOING BUSINESS ON AMERICAN SOIL AND BLOCK SUSPECT DEALS.
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DIVEST4 OC……..BACK ON CHINA.” :10
CHINA FORBIDS FOREIGNERS FROM PURCHASING REAL ESTATE IN CHINA.
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