Agriculture Foreign Investment Transparency Act

Bill: 117-hr-9483
Sponsor: full_name: Rep. Stefanik, Elise M. [R-NY-21]
Introduced: 2022-12-08
Policy area: Agriculture and Food
Latest action: action_date: 2022-12-08
text: Referred to the House Committee on Agriculture.

Summaries:
action_date: 2022-12-08
action_desc: Introduced in House
text: <p><b>Agriculture Foreign Investment Transparency Act</b></p> <p>This bill revises reporting requirements related to acquisitions or transfers of certain agricultural land interests by foreign persons.</p> <p>Specifically, the bill (1) requires the Department of Agriculture to make all reports required under the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) publicly available on its website, and (2) expands the material required to be reported under the AFIDA to include security interests and land leases of any period.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 9483 IN THE HOUSE OF REPRESENTATIVES December 8, 2022 Ms. Stefanik (for herself, Mr. Crawford , Mr. Nehls , Mr. Balderson , Mr. Baird , Mr. LaMalfa , Mr. Feenstra , Mrs. Hinson , Mr. Moore of Alabama , Mr. Johnson of South Dakota , Mr. Emmer , and Mrs. Miller of Illinois ) introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Agricultural Foreign Investment Disclosure Act of 1978 with respect to certain agricultural land transactions, and for other purposes.

1. Short title This Act may be cited as the Agriculture Foreign Investment Transparency Act . 2. Requirements relating to certain agricultural land transactions (a) Reporting requirement Section 2 of the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3501 ) is amended by striking , other than a security interest, each place it appears. (b) Public inspection Section 7 of the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3506 ) is amended— (1) by striking Any report and inserting the following: (a) In general Any report ; and (2) by adding at the end the following: (b) Public website (1) In general Not later than 180 days after the date of the enactment of this subsection, the Secretary shall make publicly available on the website of the Department each report submitted to the Secretary under section 2 not later than 30 days after the date on which such report is received by the Secretary. (2) Past reports Not later than 1 year after the date of the enactment of this subsection, the Secretary shall make publicly available on the website of the Department each report submitted to the Secretary on or after January 1, 2000. . (c) Definitions Section 9 of the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3508 ) is amended— (1) by redesignating paragraphs (4), (5), and (6) as paragraphs (5), (6), and (7), respectively; (2) in paragraph (1)— (A) by striking States and used and inserting States that— (A) is used ; (B) by adding or after the semicolon; and (C) by adding at the end the following: (B) in the preceding 10-year period, was used for a purpose described in subparagraph (A); ; (3) in paragraph (3)— (A) in subparagraph (C), by striking and at the end; (B) by redesignating subparagraph (D) as subparagraph (E); and (C) by inserting after subparagraph (C) the following: (D) any person, other than an individual or a government, that issues equity securities that are primarily traded on a foreign securities exchange; and ; and (4) by inserting after paragraph (3) the following: (4) the term interest includes— (A) a security interest; and (B) a lease, without regard to duration of term; .