[Congressional Record Volume 169, Number 120 (Thursday, July 13, 2023)]
[Senate]
[Pages S2581-S2582]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 407. Mr. LANKFORD submitted an amendment intended to be proposed 
by him to the bill S. 2226, to authorize appropriations for fiscal year 
2024 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the appropriate place in title XII, insert the 
     following:

     SEC. ___. SOIL ACT OF 2023.

       (a) Short Title.--This section may be cited as the 
     ``Security and Oversight for International Landholdings Act 
     of 2023'' or the ``SOIL Act of 2023''.
       (b) Prohibition on Use of Funds for Certain Agricultural 
     Real Estate Holdings.--No assistance, including subsidies, 
     may be provided by any Federal agency to a person for an 
     agricultural real estate holding wholly or partly owned by a 
     person that is a national of, or is organized under the laws 
     or otherwise subject to the jurisdiction of, a country--
       (1) designated as a nonmarket economy country pursuant to 
     section 771(18) of the Tariff Act of 1930 (19 U.S.C. 
     1677(18)); or
       (2) identified as a country that poses as risk to the 
     national security of the United States in the most recent 
     annual report on worldwide threats issued by the Director of 
     National Intelligence pursuant to section 108B of the 
     National Security Act of 1947 (50 U.S.C. 3043b)(commonly 
     known as the ``Annual Threat Assessment'').
       (c) Disclosure Requirements for Foreign Agricultural Real 
     Estate Holdings.--
       (1) Reporting requirements.--Section 2(a) of the 
     Agricultural Foreign Investment Disclosure Act of 1978 (7 
     U.S.C. 3501(a)) is amended--
       (A) in the first sentence of the matter preceding paragraph 
     (1)--
       (i) by inserting ``, or enters into a leasing agreement the 
     period of which is longer than 5 years with respect to 
     agricultural land,'' after ``agricultural land''; and
       (ii) by striking ``acquisition or transfer'' and inserting 
     ``acquisition, transfer, or lease''; and
       (B) in paragraph (4), by striking ``acquired or 
     transferred'' and inserting ``acquired, transferred, or 
     leased''.
       (2) Revocation of minimum acreage requirement.--Section 
     9(1) of the Agricultural Foreign Investment Disclosure Act of 
     1978 (7 U.S.C. 3508(1)) is amended by inserting ``, subject 
     to the condition that the Secretary may not exclude land from 
     this definition based on the acreage of the land'' before the 
     semicolon at the end.
       (d) Reports of Holdings of Agricultural Land in the United 
     States by Foreign Persons.--Section 6 of the Agricultural 
     Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3505) is 
     amended--
       (1) by striking the section designation and heading and all 
     that follows through ``Not later than'' and inserting the 
     following:

     ``SEC. 6. REPORTS.

       ``(a) Transmission of Reports to States.--Not later than''; 
     and
       (2) by adding at the end the following:
       ``(b) Annual Report.--
       ``(1) In general.--Annually, the Secretary shall prepare 
     and make publicly available a report describing holdings of 
     agricultural land by foreign persons, as determined by 
     reports submitted under section 2, including--
       ``(A) an analysis of the countries with the most extensive 
     agricultural land holdings on

[[Page S2582]]

     a State-by-State and county-by-county basis;
       ``(B) data and an analysis of agricultural land holdings in 
     each county in the United States by a foreign person from--
       ``(i) the People's Republic of China;
       ``(ii) the Russian Federation; or
       ``(iii) any other country that the Secretary determines to 
     be appropriate;
       ``(C) an analysis of the sectors and industries for which 
     the agricultural land holdings are used; and
       ``(D) in consultation with the Director of the United 
     States Geological Survey, an identification of countries that 
     own or lease water rights and mineral deposits on a State-by-
     State and county-by-county basis.
       ``(2) Transmission to states.--The Secretary shall transmit 
     the report prepared under paragraph (1) to each State 
     department of agriculture or appropriate State agency 
     described in subsection (a) in conjunction with the 
     applicable reports transmitted under that subsection.''.
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