‘‘(A) agricultural land as defined in section 
9 of the Agricultural Foreign Investment Dis-
closure Act of 1978 (7 U.S.C. 3508), and 
‘‘(B) land located in one or more States 
and used for livestock production purposes (de-
termined under rules similar to the rules that 
apply under such section 9).’’. 
(b) REPORTING REQUIREMENTS.— 
(1) IN GENERAL.—Subpart B of part III of 
subchapter A of chapter 61 of such Code is amended 
by adding at the end the following new section: 
‘‘SEC. 6050AA. RETURNS RELATING TO ACQUISITION OF 
UNITED STATES AGRICULTURAL INTERESTS 
BY DISQUALIFIED PERSONS. 
‘‘(a) IN GENERAL.—The required reporting person, 
with respect to any acquisition of any United States agri-
cultural interest by a presumptively disqualified person to 
which section 5000E(a) applies, shall make a return at 
such time as the Secretary may provide setting forth— 
‘‘(1) the name, address, and TIN of such pre-
sumptively disqualified person, 
‘‘(2) a description of such United States agri-
cultural interest (including the street address, if ap-
plicable), and 
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‘‘(3) the amount paid for such United States 
agricultural interest. 
‘‘(b) STATEMENT TO BE FURNISHED TO PRESUMP-
TIVELY DISQUALIFIED PERSON.—Every person required 
to make a return under subsection (a) shall furnish, at 
such time as the Secretary may provide, to each presump-
tively disqualified person whose name is required to be set 
forth in such return a written statement showing— 
‘‘(1) the name and address of the information 
contact of the required reporting person, and 
‘‘(2) the information described in paragraphs 
(1), (2), and (3) of subsection (a) which relates to 
such disqualified person. 
‘‘(c) REQUIRED REPORTING PERSON.—For purposes 
of this section, the term ‘required reporting person’ 
means, with respect to any acquisition of any United 
States agricultural interest— 
‘‘(1) the person (including any attorney or title 
company) responsible for closing the transaction in 
which such United States agricultural interest is ac-
quired, or 
‘‘(2) if no one is responsible for closing such 
transaction (or in such other cases as the Secretary 
may provide), the transferor of such United States 
agricultural interest. 
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‘‘(d) PRESUMPTIVELY DISQUALIFIED PERSON.—For 
purposes of this section, the term ‘presumptively disquali-
fied person’ means any person unless such person fur-
nishes to the required reporting person an affidavit by the 
such person stating, under penalty of perjury, that such 
person is not a disqualified person (as defined in section 
5000E(b)). 
‘‘(e) REQUIREMENT TO REQUEST AFFIDAVIT.—If 
the required reporting person, with respect to any acquisi-
tion of any United States agricultural interest, has not, 
as of the time of such acquisition, been furnished the affi-
davit described in subsection (d) by the acquirer of such 
interest, such required reporting person shall furnish to 
such acquirer, at such time, a written statement informing 
such acquirer of the required reporting person’s obligation 
to make the return described in subsection (a) with respect 
to such acquisition and including such other information 
as the Secretary may require. 
‘‘(f) UNITED STATES AGRICULTURAL INTEREST.— 
For purposes of this section, the term ‘United States agri-
cultural interest’ has the meaning given such term in sec-
tion 5000E.’’. 
(2) PENALTIES.—Section 6724(d) of such Code 
is amended— 
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(A) in paragraph (1)(B), by striking ‘‘or’’ 
at the end of clause (xxvii), by striking ‘‘and’’ 
at the end of clause (xxviii) and inserting ‘‘or’’, 
and by adding at the end the following new 
clause: 
‘‘(xxix) section 6050AA(a) (relating to 
returns relating to acquisition of United 
States agricultural interests by disqualified 
persons), and’’, and 
(B) in paragraph (2), by striking ‘‘or’’ at 
the end of subparagraph (KK), by striking the 
period at the end of subparagraph (LL) and in-
serting ‘‘, or’’, and by inserting after subpara-
graph (LL) the following new subparagraph: 
‘‘(MM) subsection (b) or (e) of section 
6055AA (relating to statements relating to ac-
quisition of United States agricultural interests 
by disqualified persons).’’. 
(c) CLERICAL AMENDMENTS.— 
(1) The table of chapters for subtitle D of such 
Code is amended by inserting after the item relating 
to chapter 50A the following new item: 
‘‘CHAPTER 50B. ACQUISITION OF UNITED STATES AGRICULTURAL 
INTERESTS BY DISQUALIFIED PERSONS.’’. 
(2) The table of sections for subpart B of part 
III of subchapter A of chapter 61 of such Code is 
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amended by adding at the end the following new 
item: 
‘‘Sec. 6050AA. Returns relating to acquisition of United States agricultural in-
terests by disqualified persons.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to acquisitions after the date of 
the enactment of this Act. 
Æ 
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