Congress attempts to crack down on Chinese acquisition of American farmland
Washington GOP Rep. Dan Newhouse says the situation is "leading us toward the creation of a Chinese-owned agricultural land monopoly."
Congressional Democrats and Republicans are raising concerns over China buying prime agricultural real estate across the U.S. – in an apparent, continuing effort to exert influence on the American economy.
Members recently advanced legislation that warns that such purchases also increases China's involvement in the American food system, posing a national security risk.
More broadly, Congress has recently taken up the issue of American reliance on China in industries including semiconductors and minerals – both of which are key parts of the U.S. supply chain.
Washington GOP Rep. Dan Newhouse says the situation is "leading us toward the creation of a Chinese-owned agricultural land monopoly."
Newhouse drafted an amendment recently added to an Agriculture-FDA spending bill that attempts to blocks new agricultural acquisitions by companies that are controlled, in part or in whole, by the Chinese Communist Party.
Massachusetts Democratic Sen. Elizabeth Warren also supports legislative efforts similar to Newhouse's amendment.
However, Rep. Grace Meng, a New York Democrat, says Newhouse's amendment will "perpetuate already rising anti-Asian hate."
She argued that if the focus of the amendment were truly about security, buyers from other foreign nations would be subjected to similar restrictions.
The House measure with Newhouse's amendment is expected to get a final floor vote by the end of the month, though it's unclear what the Senate's version of the appropriations bill will look like.