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Bill to monitor foreign ownership of U.S. farmland in Congress
A House subcommittee plans hearings and a possible bill to require reporting of foreign ownership of U.S. farmland. The Nolan Grassley bill would mandate reporting to the Agriculture Department within 90 days of purchase, with penalties up to 25 percent of land value for noncompliance.
MENTIONED IN THIS ARTICLE
House Agriculture
U.S
Family Farms, Rural Development and Special Studies
Richard Nolan
D-Minn
Congress
Rep
Nolan
John Breckinridge
D-Ky
House Agriculture Committee
Nolan-Grassley
Agriculture Department
Agriculture Secretary
Commerce and Agriculture Departments
Commerce Department
Max Baucus
D-Mont
Rep. Nolan