I 
118TH CONGRESS 
2D SESSION 
H. R. 7131 
To amend the Agricultural Foreign Investment Disclosure Act of 1978 to 
establish an additional reporting requirement, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 30, 2024 
Mr. BACON (for himself, Mr. ALFORD, Mrs. HINSON, Mr. BOST, Mr. 
NEWHOUSE, Mr. CARBAJAL, Mr. CUELLAR, Mr. PANETTA, Mr. FINSTAD, 
and Ms. HOULAHAN) introduced the following bill; which was referred to 
the Committee on Agriculture 
A BILL 
To amend the Agricultural Foreign Investment Disclosure 
Act of 1978 to establish an additional reporting require-
ment, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘AFIDA Improvements 
Act of 2024’’. 
SEC. 2. REPORTING; ENFORCEMENT. 
(a) REPORTING REQUIREMENT.—Section 2 of the 
Agricultural Foreign Investment Disclosure Act of 1978 
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(7 U.S.C. 3501) is amended by adding at the end the fol-
lowing: 
‘‘(g) MINIMUM OWNERSHIP.—In the case of agricul-
tural land in which more than 1 foreign person acquires 
or transfers any interest, other than a security interest, 
the reporting requirements under this section shall apply 
to each foreign person who holds at least a 1 percent inter-
est in that land— 
‘‘(1) directly through the first tier of ownership; 
or 
‘‘(2) in the aggregate through an interest in 
other entities at various tiers.’’. 
(b) ENFORCEMENT.—Section 4 of the Agricultural 
Foreign Investment Disclosure Act of 1978 (7 U.S.C. 
3503) is amended— 
(1) by striking the section designation and all 
that follows through ‘‘The Secretary’’ and inserting 
the following: 
‘‘SEC. 4. INVESTIGATIVE ACTIONS. 
‘‘(a) IN GENERAL.—The Secretary’’; and 
(2) by adding at the end the following: 
‘‘(b) ACTIONS BY FPAC–BC.—As part of the actions 
taken under subsection (a), the Farm Production and 
Conservation Business Center shall— 
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‘‘(1) take such actions as are necessary to vali-
date the data collected under section 2, including re-
vising and validating information throughout the 
data collection process; 
‘‘(2) take such actions as are necessary to en-
sure compliance with section 2(g); and 
‘‘(3) in coordination with the Farm Service 
Agency, to the maximum extent practicable, identify 
persons that have carried out an activity subject to 
a civil penalty described in paragraph (1) or (2) of 
section 3(a).’’. 
SEC. 3. AGRICULTURAL FOREIGN INVESTMENT DISCLO-
SURE IMPROVEMENTS. 
(a) DEFINITIONS.—In this section: 
(1) AFIDA.—The term ‘‘AFIDA’’ means the 
Agricultural Foreign Investment Disclosure Act of 
1978 (7 U.S.C. 3501 et seq.). 
(2) FPAC–BC.—The term ‘‘FPAC–BC’’ means 
the Farm Production and Conservation Business 
Center. 
(3) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Agriculture. 
(b) MOU WITH CFIUS.—Not later than 1 year after 
the date of enactment of this Act, the Secretary shall enter 
into 1 or more memoranda of understanding with the 
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Committee on Foreign Investment in the United States 
under which the Secretary shall provide the Committee 
with all relevant information relating to reports on foreign 
ownership of United States agricultural land submitted to 
the Secretary under section 2 of AFIDA (7 U.S.C. 3501), 
including information on— 
(1) each report submitted to the Secretary; and 
(2) with respect to each such report, the iden-
tity of the person submitting the report and the date 
of submission. 
(c) AFIDA HANDBOOK UPDATES.— 
(1) FIRST
UPDATE.—Not later than 1 year 
after the date of enactment of this Act, the Sec-
retary shall update the most recent version of the 
Farm Service Agency handbook entitled ‘‘Foreign 
Investment Disclosure’’ as determined necessary by 
the Secretary for the effective implementation of 
AFIDA, 
which 
update 
shall 
incorporate 
rec-
ommendations made by the report of the Govern-
ment Accountability Office entitled ‘‘Foreign Invest-
ments in U.S. Agricultural Land: Enhancing Efforts 
to Collect, Track, and Share Key Information Could 
Better Identify National Security Risks’’ and dated 
January 18, 2024. 
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(2) SUBSEQUENT
UPDATES.—After updating 
the handbook described in paragraph (1) under that 
paragraph, the Secretary shall carry out an update 
of that handbook every 10 years thereafter, includ-
ing by incorporating any recommendations of the 
Government Accountability Office. 
(d) ANALYSIS
OF
STREAMLINED
PROCESS
FOR 
ELECTRONIC SUBMISSION AND RETENTION OF REPORTS 
UNDER AFIDA.— 
(1) DEFINITION
OF
COVERED
PROCESS.—In 
this subsection, the term ‘‘covered process’’ means 
the streamlined process for electronic submission 
and retention of disclosures made under AFIDA re-
quired under section 773 of division A of the Con-
solidated Appropriations Act, 2023 (7 U.S.C. 3501 
note; 136 Stat. 4509). 
(2) ANALYSIS.—Unless the covered process is 
established by not later than 1 year after the date 
of enactment of this Act, the FPAC–BC, in coordi-
nation with the Farm Service Agency, shall, by that 
date— 
(A) carry out an analysis of the specific 
steps required to establish that process and the 
elements of that process; and 
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(B) develop a timeline for specific imple-
mentation benchmarks to be met. 
(3) REPORT.—The Secretary shall submit to 
the Committee on Agriculture, Nutrition, and For-
estry of the Senate and the Committee on Agri-
culture of the House of Representatives a report de-
scribing the analysis and implementation timeline 
under paragraph (2), if applicable. 
Æ 
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