Breitbart by Paul Bois 21 Feb 2023
Special Interest Groups Block Gov. Kristi Noem’s Move to Stop China Buying South Dakota Farmland
Republican South Dakota Gov. Kristi Noem’s efforts to block China from buying up farmland in her state were thwarted this week when a supermajority of state Senators rejected her proposal.
As Breitbart News previously reported, Noem had proposed a bill that would “create a state-level version of the Committee on Foreign Investment in the United States (CFIUS)” in order to curtail foreign Chinese entities from buying agricultural land in her state:
Currently, CFIUS is a federal board that approves or disapproves of foreign entities engaging in major U.S. transactions. Noem’s proposal would establish a CFIUS-South Dakota, or CFIUS-SD, which would review proposed transactions in the state where foreign entities including but not limited to Chinese entities seek to purchase land. The board, if established — which would require the legislature to pass Noem’s proposal — could block such land sales as it sees fit.
Essentially, Senate Bill 185 would have granted the South Dakota governor the power to unilaterally veto any purchase reviewed by the panel. The state senate rejected the bill on Tuesday with an 11-23 vote.
More:
https://www.breitbart.com/politics/2023/02/21/special-interest-groups-block-gov-kristi-noems-move-to-stop-china-buying-south-dakota-farmland/
