Georgia lawmakers have passed legislation that ostensibly bans “foreign adversaries” from owning agricultural land or property near a military base or airport, but one expert said it’s not clear the measure can stand up to judicial scrutiny.
Proponents say they crafted Senate Bill 420 in response to a Department of Agriculture report from 202 that found that China had roughly 384,000 acres of agricultural land across the country, a 30% increase from 2019 to 2020.
Read More
Republicans on the House Natural Resources Committee have launched an investigation of the Biden Administration’s proposal to open public lands to private ownership, which includes the possibility of foreigners buying such land.
According to Fox News, the effort is being led by Chairman Bruce Westerman (R-Ark.), who informed the Securities and Exchange Commission (SEC) of the investigation’s launch. The proposed rule change from the SEC would allow for a new type of public company, referred to as Natural Asset Companies (NACs), to trade on the New York Stock Exchange (NYSE).
Read More