Moolenaar Introduces Legislation to Require Review of Chinese Purchase of American Land

WASHINGTON, D.C. – RealEstateRama – Congressman John Moolenaar has introduced H.R. 5926, the Exposing China’s Belt and Road Investment in America Act of 2023. The bill would require the federal Committee on Foreign Investment in the United States (CFIUS) to review any real estate investment made by a foreign individual that would result in the Chinese Communist Party’s (CCP) direct or indirect control over a business.

“The Chinese Communist Party is the No. 1 economic adversary of the United States. We can never allow federal officials to duck their responsibility to stop activities that are harmful to our country. These officials must examine and stop land purchases by CCP-affiliated individuals and companies. I am proud to introduce this legislation so CFIUS will take action and stop the CCP’s efforts to build factories, purchase land, and acquire influence over America,” said Moolenaar.

Moolenaar is a member of the House Select Committee on the Strategic Competition with the Chinese Communist Party. Moolenaar has previously called on Treasury Secretary Janet Yellen and CFIUS to investigate the proposed plan for Gotion, a CCP-affiliated company, to build in Mecosta County. The Treasury Department responded and claimed the project is out of CFIUS’s jurisdiction.

The Exposing China’s Belt and Road Investment in America Act has also been introduced in the U.S. Senate by Senators John Kennedy (R-LA) and Kevin Cramer (R-ND).