LAND Act

HR 6580, the LAND Act, restricts foreign purchases of U.S. agricultural land by requiring foreign buyers to follow the land ownership rules of their home country (or the most restrictive country they hold citizenship in). It mandates sellers to report such sales to the Secretary of Agriculture, who must then notify relevant congressional members. The bill establishes a Task Force (including the Agriculture Secretary and Justice Department) to monitor compliance and report quarterly to Congress on sale details, locations, costs, and proximity to military installations. This directly affects foreign individuals, companies, and governments purchasing agricultural land in the U.S., shifting restrictions from U.S. standards to the buyer's home country rules.