LAND Act

HR 2124 (LAND Act) restricts foreign purchases of U.S. agricultural land by requiring foreign buyers to follow the same rules as U.S. citizens would face in their home country, plus applicable state laws. It defines "home country" based on citizenship (using the most restrictive foreign law for dual nationals or companies) and mandates sellers to report sales to the USDA, which then notifies relevant lawmakers. A new U.S. Land Protection Task Force (including USDA, Justice, and State departments) will monitor compliance, track land sales data, and report to Congress every six months. The bill directly affects foreign individuals, companies, and governments purchasing agricultural land, with no changes to existing U.S. citizen purchasing rules.