Texas Republican Representative Chip Roy introduced legislation today that would ban any members of the Chinese Communist Party (CCP) from purchasing public or private real estate in the United States.
According to a press release, the Securing America’s Land from Foreign Interference Act will ensure that the United States’ land is never in control of the CCP.
“In their quest for global domination, China has been buying up land and strategic infrastructure all over the world and in the United States,” Roy, whose 21st District covers the region northwest of San Antonio and southwest of wrote. “Direct Chinese investment in the U.S. economy is a major threat to the American way of life and requires that we take serious action to thwart the Chinese Communist Party (CCP) from ever seizing control of strategically valuable domestic assets in the U.S.”
Roy said that the U.S. Department of Agriculture indicates foreign investors currently control almost 30 million acres of farmland in the United States, roughly equal to the size of Ohio or Mississippi.
In Texas, over 3 million acres of land are under foreign control, Chip said. The Lone Star State has the second-highest amount of non-American ownership in the US.
“In Texas, a Chinese based energy company purchased more than 130,000 acres of land near Laughlin Air Force Base and is now attempting to build a wind farm to access the U.S. power grid,” Roy wrote.
There has been a tenfold expansion of Chinese ownership of farmland in the United States in less than a decade.
Six states — Hawaii, Iowa, Minnesota, Mississippi, North Dakota and Oklahoma — currently ban foreign ownership of farmland.
Massive Chinese investment in American farmland puts the food security of the nation in the hands of a hostile foreign power. But there is also a social cost of allowing foreign buyers who have effectively unlimited resources to compete on the real estate market with smaller domestic buyers.
According to Market Watch, “Chinese buyers accounted for roughly 25 percent of total foreign investment in U.S. residential real estate.” Canada was far behind at a relatively scant 9 percent.
The article indicated Chinese investment in California real estate is a driving force behind high housing prices in the Golden State. Many of these properties are owned as rental properties by absentee landlords.
The U.S. isn’t the only country whose land is being bought up by the Chinese Communist regime.
China is the second largest foreign owner of land in Australia, and a Chinese real estate company recently purchased an Australian island before barring Australian residents from living there.
According to the New York Post, residents have banned from returning to their homes since the Beijing-backed real estate company China Bloom bought a 99-year lease of Keswick Island in 2019. Residents demanded the Queensland government cancel the Chinese company’s lease and restore local ownership of the island.
“I just don’t think they want Australians on the island,” former island resident Julie Willis told the Australian news program A Current Affair in December. “I think that they want to have this island solely for the use of the Chinese tourism market.”
A huge problem is that corporate directors of mainstream media firms have close financial ties to China that are little known to the American public. This creates a financial incentive to white wash the actions of the People’s Republic of China, both domestically and abroad.
Recall the way that the media bristled at calling COVID-19 “the China Virus” or “Wuhan Coronavirus.” There is a reason for this beyond simple political correctness. Many in the upper echelons of the corporate media have a vested interest in protecting the reputation of the People’s Republic of China.
Congressman Roy was joined by Reps. Lance Gooden, Ken Buck, and Randy Weber in introducing this legislation.