; and (2) apply with respect to any exercise of the authority granted to the President under section 203 of the International Emergency Economic Powers Act on or after such date of enactment. 218. Prohibiting the purchase of agricultural land located in the United States The Secretary of Agriculture shall take such actions as may be necessary to prohibit the purchase of agricultural land located in the United States by companies owned, in full or in part, by the People’s Republic of China. Beginning on the date of the enactment of this Act, agricultural land owned by the People’s Republic of China or companies owned, in full or in part, by the People’s Republic of China shall not be eligible for participation in programs administered by the Secretary of Agriculture. 219. Report The Director of National Intelligence shall annually submit to Congress a report on ownership structures and spending on media outlets, including in the form of paid advertorials, by entities with economic ties to Chinese state actors. 220. Prohibition of Federal contracts (a) In general The President shall take such steps as may be necessary to prohibit the awarding or renewal of any Federal contract or procurement agreement with any technology company the President determines has provided hardware or software to the Government of the People’s Republic of China or to any state-owned enterprise of China. (b) Exception A technology company shall not be subject to the prohibition under subsection (a) if the company agrees to provide bulk data to the United States Government on demand. (c) Waiver The President may waive the prohibition under subsection (a) on a case-by-case basis if the President certifies to Congress that such a waiver is in the national security interests of the United States. (d) Referral The Chair or Ranking Member of the Committee on Foreign Affairs of the House of Representatives or the Committee on Foreign Relations of the Senate may refer to the President the identities of companies the Chair or Ranking member