S.Amdt. 407

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

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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.''.
______