China Spy Balloon Renews Republican Push for Foreign Land Purchase Ban

The story about a Chinese spy ballon Flying through American Airspace It has Stimulated Republican calls to focus on national security — including from Rep. Mary Miller (R-IL), who is proposing a foreign land purchase moratorium to protect U.S. food security and stabilize housing prices.

Congresswoman Miller plans to reintroduce the bill Monday. ‘‘Saving American Farms from Adversaries Act.” The legislation would give the president power to prohibit the purchase of public or private real estate in the United States “by any foreign person,” including corporations and partnerships, for the five-year period after the enactment of the law. Breitbart News learned exclusively of the bill’Friday, and was the first person to report the bill last summer when Miller ahref=”https://www.breitbart.com/politics/2022/01/11/gop-bill-allow-president-ban-foreign-land-purchases-5-years/”>introduced It was done with Louie Gohmert, now-retired (R-TX).

“Our adversaries continue to rob our country of wealth and prosperity under Joe Biden’s weak leadership. Congress must respond to the critical economic and national security threats China poses to our nation because Joe Biden refuses to put America’s safety and best interests first,” Miller spoke highly of the bill. It will be her first bill in the 118th Congress. 

Leland Weland Wells / LOCAL NEWS X /TMX

The bill identifies that Chinese nationals are a protected group. “led foreign investments in homes in the United States for the past seven years.” Miller’s bill notes that “foreign companies and individuals have purchased 853,813 acres of agricultural land” in her own state of Illinois, — purchases that are “worth approximately $6.3 billion.”

“We must put American farmers and consumers first and prevent China from buying up our farmland,” Miller told Breitbart News. “As a farmer, I know that foreign land purchases are especially an issue in rural America where the Chinese Communist Party is attempting to buy land in our country to gain strategic leverage over the United States and our food supply.”

Republicans at state level are also warning against foreign land acquisitions, as Chinese companies continue their efforts to. Buy land close to U.S. military bases. Florida Gov. Ron DeSantis (R), Governor of South Dakota Kristi Noem (R).?, and Texas GOP Governor Greg Abbott have all said they are considering blocking China from buying American farmland. The issue was also a part of the early 2024 presidential campaign of Donald Trump. Pitching A federal proposal was made to stop China buying American farmland.

Miller Bill By Breitbart News Scribd

According to the legislation foreign investors now account almost for one-third institutional investments in single family rental homes in the United States. Breitbart News previously reported What global investors do “gobbling up” middle-class suburban homes, “enriching wealthy investors and turning would-be homeowners into lifetime, no-equity renters.”

According to the legislation, gentrification has also increased due to foreign investment in urban areas. This is “pushing many long-time residents out of their homes, including some of our most vulnerable and poor communities,” The bill will determine the amount. Additionally, “roughly 47 percent of rural renters pay a third or more of their income in rent each month. The Federal government has done nothing to help rural Americans deal with the rising costs in housing.”

Miller said that Miller “misguided effort to attract foreign investment” Is “destroying the American dream for millions” He pointed out other countries that have similar laws to limit foreign land purchase.

“For example, in Macedonia foreign citizens cannot purchase agricultural land and may only lease. In Poland, foreign individuals need permission from the Ministry of International Affairs to purchase land. Mexico too has restrictions in place that put limits on foreigners’ ability to purchase land. Vast foreign land purchases of American land hurts rural and urban communities alike,” She said. 

“We have an inherent responsibility to put our own citizens first, and Americans are clearly not benefiting from the current system. Again, our laws are currently designed in a way that benefits large multinational companies over everyday Americans,” She continued. 

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Further, the bill calls for the EB-5 visa system to be implemented. This allows foreign nationals to get green cards if their investments are in certain business ventures. “more stringent,” It is important that the Rules of the Committee on Foreign Investment in the United States be followed. “more strict.”

Six months after the bill was enacted, the Comptroller General of America would have to submit to Congress a report detailing the history of foreign private and public real estate transactions in the U.S. The Comptroller General of the United States would also have to make recommendations on how to proceed. “to make it easier for United States citizens and harder for foreign persons to purchase real estate located in the United States, including farm land,” To provide a percentage of U.S. real estate that is owned or controlled by foreigners 

Miller concluded by warning legislators to “take the threat of China’s provocation seriously” And called President Joe Biden out for pushing “his America Last Agenda.” 

“Biden continues to push his America Last Agenda with an open southern border, continuous funding for Ukraine, Chinese-manufactured batteries, and Green New Deal policies,” Miller said.

“Our country should be united on the issue of national security because we have an inherent responsibility to put our own citizens first. America is on a dangerous path of losing our self-sufficiency in farming, and we must take the threat of China’s provocation seriously by passing the Saving American Farms from Adversaries Act,” She ended her remarks.