To require the Secretary of Agriculture to enter into a memoranda of understanding with CFIUS with respect to reports under AFIDA and to update the AFIDA handbook.
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill requires the Secretary of Agriculture to establish agreements with the Committee on Foreign Investment in the United States (CFIUS) to share information about foreign ownership of U.S. agricultural land reported to the government. It also mandates that the Secretary update the Farm Service Agency handbook related to the Agricultural Foreign Investment Disclosure Act (AFIDA) to improve the tracking and reporting of such investments. The updates will incorporate recommendations from a recent Government Accountability Office report.
Key provisions
- The Secretary of Agriculture must enter into memoranda of understanding with CFIUS.
- The memoranda of understanding require the sharing of reports on foreign ownership of agricultural land.
- Reports must include the identity of foreign persons and submission dates.
- The Secretary must update the AFIDA handbook within two years of enactment.
- The initial update will incorporate recommendations from a GAO report.
- Subsequent handbook updates will occur every ten years.
- Updates must incorporate recommendations from the GAO.
- The bill focuses on improving the collection and sharing of information related to foreign investment in U.S. agriculture.
Who is affected
- Secretary of Agriculture
- Committee on Foreign Investment in the United States (CFIUS)
- Foreign investors in U.S. agricultural land
- Farmers and landowners
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours