Text of Senate Amendment 6450

On 2026-06-24, Senator James Lankford (R-OK) delivered a floor speech titled "Text Of Senate Amendment 6450" in the Senate.

Text of Senate Amendment 6450

Congressional Record, Volume 172 Issue 106 (Wednesday, June 24, 2026) [Congressional Record Volume 172, Number 106 (Wednesday, June 24, 2026)] [Senate] [Page S3576] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 6450. Mr. LANKFORD submitted an amendment intended to be proposed by him to the bill S. 4784, to authorize appropriations for fiscal year 2027 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows: At the appropriate place in title X, insert the following: SEC. 10___. SOIL ACT OF 2026. (a) Short Title.--This section may be cited as the ``Security and Oversight for International Landholdings Act of 2026'' or the ``SOIL Act of 2026''. (b) Review by Committee on Foreign Investment in the United States of Certain Agricultural Real Estate Transactions.-- Section 721(a)(4) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(4)) is amended-- (1) in subparagraph (A)-- (A) in clause (i), by striking ``; and'' and inserting a semicolon; (B) in clause (ii), by striking the period at the end and inserting ``; and''; and (C) by adding at the end the following: ``(iii) any transaction described in clause (vi) or (vii) of subparagraph (B) proposed or pending on or after the date of the enactment of this clause.''; and (2) in subparagraph (B), by adding at the end the following: ``(vi) Any acquisition or transfer of an interest, other than a security, in agricultural land held by a person that is a national of, or is organized under the laws or otherwise subject to the jurisdiction of, a country-- ``(I) designated as a nonmarket economy country pursuant to section 771(18) of the Tariff Act of 1930 (19 U.S.C. 1677(18)); or ``(II) identified as a country that poses as risk to the national security of the United States in the most recent annual report on worldwide threats issued by the Director of National Intelligence pursuant to section 108B of the National Security Act of 1947 (50 U.S.C. 3043b)(commonly known as the `Annual Threat Assessment').''. (c) Review by Committee on Foreign Investment in the United States of Real Estate Transactions Near Military Installations.--Section 721(a)(4)(B) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(4)(B)), as amended by section 2, is amended by adding at the end the following: ``(vii) Any acquisition or transfer of an interest, other than a security, in any form of real estate that is located not more than 50 miles from a site listed in Appendix A to part 802 of title 31, Code of Federal Regulations or other military installation (as that term is defined in section 802.227 of title 31, Code of Federal Regulations) other than residential property held by a person that is a national of, or is organized under the laws or otherwise subject to the jurisdiction of, a country-- ``(I) designated as a nonmarket economy country pursuant to section 771(18) of the Tariff Act of 1930 (19 U.S.C. 1677(18)); or ``(II) identified as a country that poses as risk to the national security of the United States in the most recent annual report on worldwide threats issued by the Director of National Intelligence pursuant to section 108B of the National Security Act of 1947 (50 U.S.C. 3043b)(commonly known as the `Annual Threat Assessment').''. (d) Prohibition on Use of Funds for Certain Agricultural Real Estate Holdings.--No assistance, including subsidies, may be provided by any Federal agency to a person for an agricultural real estate holding wholly or partly owned by a person that is a national of, or is organized under the laws or otherwise subject to the jurisdiction of, a country-- (1) designated as a nonmarket economy country pursuant to section 771(18) of the Tariff Act of 1930 (19 U.S.C. 1677(18)); or (2) identified as a country that poses as risk to the national security of the United States in the most recent annual report on worldwide threats issued by the Director of National Intelligence pursuant to section 108B of the National Security Act of 1947 (50 U.S.C. 3043b)(commonly known as the ``Annual Threat Assessment''). ______