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.

This bill requires the Secretary of Agriculture, within 1 year, to sign one or more agreements with the Committee on Foreign Investment in the United States (CFIUS) to share information from reports on foreign ownership of U.S. farmland. The shared information would include each report, the foreign persons named in it, and the date it was submitted. Within 2 years, the Secretary must update the Farm Service Agency's foreign investment disclosure handbook and include recommendations from a January 2024 Government Accountability Office report. The handbook must then be updated every 10 years, including any new Government Accountability Office recommendations.

Full text and official record on Congress.gov

Sponsors

• Don Bacon Republican sponsor
• 0 cosponsors