The House overwhelmingly approved a measure Thursday to prohibit Chinese investors from scooping up American land suitable for green energy development.
A bipartisan House majorityThursday to protect rural land critical for renewable energy production from Chinese investors.
The measure — an amendment sponsored by Rep. Randy Feenstra, R-Iowa — was approved in a 407-26 vote with 223 Republicans and 184 Democrats voting in favor. Just 26 Democrats voted against the bill while eight lawmakers didn't vote. The bill is an amendment to"I’m proud that my amendment — which is derived from my Defend America’s Rural Energy Act — to the Lower Energy Costs Act passed the House of Representatives with wide support.
"Simply put, my amendment keeps China far away from our farmland because American farmland belongs to American farmers," he added.introduced earlier this month , proposed to modify the Defense Production Act of 1950 to prohibit foreign adversaries from purchasing any real estate suitable for renewable energy or renewable fuels production. The lawmaker's home state of Iowa is a major wind energy producer and the nation's top producer of biofuels such as ethanol and biodiesel, according to federal data.In recent months, Republican lawmakers and local leaders nationwide have increased scrutiny on land purchases by foreign investors.
Overall, as Western nations, including the U.S., continue their aggressive push to transition from fossil fuel dependence, the global biofuels industry is projected to grow nearly 30% over the next four years, according to the International Energy Agency. Iowa and other rural U.S. states are poised to play a large role in the industry's growth.Iowa accounts for about 25% of American ethanol production capacity and its ethanol plants are able to produce 4.
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