What does Preamble of SOIL Act of 2025 do?

This bill is formally titled 'To increase oversight of foreign direct investment in agricultural land in the United States, and for other purposes.'

What does SHORT TITLE. of SOIL Act of 2025 do?

This bill is formally titled the Security and Oversight for International Landholdings Act of 2025.

What does REVIEW BY COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES of SOIL Act of 2025 do?

This section amends Section 721(a)(4) of the Defense Production Act of 1950. The amendment modifies subparagraph (A) by inserting a semicolon and adding a new clause (iii). The amendment adds a new clause (vi) to subparagraph (B). Clause (vi) defines a transaction involving the acquisition or transfer of an interest in agricultural land. This transaction must involve a person who is a national of, or subject to the jurisdiction of, a country designated as a nonmarket economy or identified as a national security risk. The designation of a nonmarket economy country is based on Section 771(18) of the Tariff Act of 1930. Identification of a national security risk is based on the Director of National Intelligence's Annual Threat Assessment.

What does REVIEW BY COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES of SOIL Act of 2025 do?

This section amends Section 721(a)(4)(B) of the Defense Production Act of 1950. The amendment adds a provision concerning the review of real estate transactions by the Committee on Foreign Investment in the United States (CFIUS). The new provision applies to acquisitions or transfers of real estate interests located within 50 miles of a military installation, excluding residential property. The transaction must involve a party that is a national of, or subject to the jurisdiction of, a country designated as a nonmarket economy or identified as a national security risk in the Annual Threat Assessment.

What does PROHIBITION ON USE OF FUNDS FOR CERTAIN AGRICULTURAL REAL of SOIL Act of 2025 do?

This section prohibits federal agencies from providing assistance, including subsidies, to individuals for agricultural real estate holdings. This prohibition applies to holdings wholly or partly owned by persons who are nationals of, or organized under the laws of, a country designated as a nonmarket economy country under the Tariff Act of 1930. The prohibition also applies to holdings owned by persons subject to the jurisdiction of a country identified as a national security risk in the Director of National Intelligence’s Annual Threat Assessment.

What does DISCLOSURE REQUIREMENTS FOR FOREIGN AGRICULTURAL REAL ESTATE of SOIL Act of 2025 do?

This section amends the Agricultural Foreign Investment Disclosure Act of 1978. The reporting requirements under Section 2(a) are modified to include leasing agreements with a period longer than 5 years related to agricultural land. The definition of 'acquisition' is expanded to include 'acquisition, transfer, or lease' in Section 2(a). Paragraph (4) of Section 2(a) is also amended to include 'leased' in the definition. Section 9(1) is amended to remove a minimum acreage requirement for land subject to the definition, but allows the Secretary to exclude land based on acreage.

What does REPORTS OF HOLDINGS OF AGRICULTURAL LAND IN THE UNITED STATES of SOIL Act of 2025 do?

This section amends the Agricultural Foreign Investment Disclosure Act of 1978. It requires the Secretary to prepare and publicly release an annual report detailing agricultural land holdings by foreign persons. The report will include an analysis of countries with the most extensive holdings on a state-by-state and county-by-county basis. It will also provide data and analysis of land holdings in each county by persons from the People's Republic of China, the Russian Federation, or other countries the Secretary deems appropriate. The report will analyze the sectors and industries utilizing the agricultural land. The Secretary must transmit the report to each state's department of agriculture or appropriate agency.

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SOIL Act of 2025

Last updated: 3/12/2025 · Introduced: 3/12/2025

Author: James Lankford (R-OK)

TL;DR (AI)

The bill requires the Committee on Foreign Investment in the United States (CFIUS) to review transactions involving the acquisition or transfer of agricultural land by individuals from countries designated as nonmarket economies or identified as national security risks.
Federal agencies are prohibited from providing assistance, such as subsidies, to individuals for agricultural real estate holdings that are wholly or partly owned by nationals or entities from designated nonmarket economies or countries identified as national security risks.
The bill expands reporting requirements under the Agricultural Foreign Investment Disclosure Act to include long-term leasing agreements and mandates an annual public report detailing agricultural land holdings by foreign persons, including state- and county-level analyses.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 5 more.

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