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Higher Penalties for Undisclosed Foreign Agricultural Investments

This bill increases the minimum civil penalty for failing to disclose foreign investments in U.S. agricultural land. This means foreign individuals or entities not complying with reporting requirements will face significantly higher fines. The aim is to enhance transparency and enforcement of regulations concerning agricultural land ownership in the U.S.
Key points
The minimum penalty for not disclosing foreign agricultural investments will increase from 25% to at least 50% of the transaction value.
The change aims to strengthen disclosure rules for foreign owners of agricultural land.
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Status:
Expired
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Additional Information
Print number: 118_HR_1789
Sponsor: Rep. Miller, Mary E. [R-IL-15]
Process start date: 2023-03-24