Protecting Our Farms and Homes from China Act

HR 4706 prohibits Chinese government-linked entities (including Chinese corporations, CCP-affiliated organizations, and entities controlled by China) from acquiring, leasing, or owning U.S. agricultural land or residential real estate. The bill requires such entities to sell all existing U.S. agricultural land holdings within one year (with a 180-day letter of intent deadline) and residential real estate holdings within one year, imposing daily fines of $100 per acre for agricultural land violations and $1,000 per residential unit. It also voids noncompete agreements between these entities and their employees. The law applies to all 50 states and territories, with enforcement by the Agriculture and Commerce Departments, and includes a 2-year temporary residential purchase ban ending in 2026 (extendable by the President).