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. Read more…
