FINALLY: Democrat, Republican team to limit Chinese purchase of U.S. farmland

via NBCNEWS:

A bipartisan pair of senators hopes to limit China’s ability to purchase farmland in the U.S. and force the U.S. government to consider stripping some Chinese and foreign landowners of their real estate.

In a statement, Sens. Joni Ernst, R-Iowa, and Debbie Stabenow, D-Mich., said they “are taking action as a response to reports of China threatening America’s food supply and posing an even greater national security risk by acquiring U.S. farmland near military installations.”

The senators argue that current U.S. law does not provide enough oversight of which foreign entities are buying farmland and where they are purchasing large swaths of real estate.