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Increased Penalties for Undisclosed Foreign Farmland Investments

This new law increases financial penalties for not disclosing foreign investments in U.S. agricultural land, especially when "shell corporations" are used. It aims to improve transparency and food supply security, as well as protect local family farms. Citizens can expect better oversight of who owns agricultural land in the U.S.
Key points
Penalties for undisclosed foreign agricultural land investments can reach 100% of the land's fair market value, particularly for shell corporations.
Mandatory annual audits of 10% of foreign agricultural investment reports will be conducted to ensure accuracy.
The Department of Agriculture will research the impact of foreign investments on family farms and food supply.
Funding is provided for training state and county personnel to better identify unreported foreign investments.
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Expired
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Additional Information
Print number: 118_HR_6469
Sponsor: Rep. Perez, Marie Gluesenkamp [D-WA-3]
Process start date: 2023-11-21
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Farmland Security Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6469.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-11-21.

What are the main provisions?

Key points include:

  • Penalties for undisclosed foreign agricultural land investments can reach 100% of the land's fair market value, particularly for shell corporations.
  • Mandatory annual audits of 10% of foreign agricultural investment reports will be conducted to ensure accuracy.
  • The Department of Agriculture will research the impact of foreign investments on family farms and food supply.
  • Funding is provided for training state and county personnel to better identify unreported foreign investments.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Perez, Marie Gluesenkamp [D-WA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Agriculture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Agriculture Courts and Law Economy