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.
Tracking Foreign Ownership of U.S. Farmland
This bill is currently in the early stages of the legislative process after being sent to the House Committee on Agriculture for review. It is actively moving forward as it awaits further consideration by committee members. There are no upcoming votes or hearings scheduled at this time.
Legislative Progress
There is strong interest in tracking foreign land purchases, but this bill may be folded into a larger piece of legislation like the Farm Bill rather than passing on its own.
Key Points
- This bill requires the Department of Agriculture to share information about foreign ownership of American farmland with a national security committee. This committee reviews foreign investments to see if they pose a threat to the country.
- The Department of Agriculture would have to provide details on every report it receives about foreign land purchases. This includes the names of the foreign people or companies buying the land and when they made the purchase.
- The bill also requires the government to update its official handbook on foreign land reporting within two years. These updates must include suggestions from a 2024 government report on how to better track national security risks.
- After the first update, the government would be required to refresh this handbook every ten years. This ensures that the rules for tracking foreign land ownership stay current as technology and security needs change.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Agriculture.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
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.
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.