What is the official ID of this bill?
The official print number for this legislation is S 3666.
Stricter Reporting Rules for Foreign Ownership of US Agricultural Land.
This bill tightens disclosure requirements for foreign entities acquiring US agricultural land, lowering the reporting threshold to 1% ownership when multiple foreign investors are involved. It mandates increased data sharing between the Department of Agriculture and the national security review committee (CFIUS). The goal is to enhance transparency and better identify potential national security risks related to farmland ownership.
Key points
Foreign investors must report ownership if they hold at least a 1% interest in agricultural land when multiple foreign persons are involved.
Agricultural data on foreign land ownership must be shared with the Committee on Foreign Investment in the United States (CFIUS) for national security review.
New requirements for government agencies to validate data and enforce compliance regarding foreign agricultural investments.
Status:
Expired
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