Chinese Billionaire's Secret Farmland Purchase in Oregon Sparks Outrage in Congress
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Chinese billionaire and Communist Party member Chen Tianqiao secretly purchased nearly 200,000 acres of farmland in Oregon in 2015 for $85 million.
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Chen's purchase was revealed this week, nearly a decade later, sparking outrage among US politicians.
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Chen is the 2nd largest foreign owner of US farmland, but his purchase does not appear in government records of foreign land ownership.
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US Congresswoman Elise Stefanik said the Biden admin failed to protect agricultural land from being purchased by "foreign adversaries."
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It's unclear why Chen's purchase wasn't disclosed under a federal law requiring reporting of foreign purchases of US farmland within 90 days.