S.2258

The Protecting Our Farms and Homes from China Act prohibits certain foreign entities from acquiring or leasing U.S.

The Protecting Our Farms and Homes from China Act prohibits certain foreign entities from acquiring or leasing U.S. agricultural land and residential real estate. It defines "covered foreign entity" as corporations from China, individuals affiliated with the Chinese Communist Party, and others. The Act mandates divestment of existing holdings within a year and imposes fines for violations. Noncompete agreements with employees of these entities are nullified. The President can extend the prohibition period every two years.