Agricultural foreign investment disclosure act. PUBLIC LAW 95-460—OCT.
Agricultural foreign investment disclosure act 7 Section 2(b) of the Agricultural Foreign Investment 8 Disclosure Act of 1978 (7 U. Reporting; enforcement (a) Reporting requirement based on information submitted to the U. 5. 3501) is amended by striking ‘‘, 8 other than a security interest,’’ each place it ap-9 pears. Aug 12, 2009 · In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency (FSA) is seeking comments from all interested individuals and organizations on the extension of a currently approved information collection associated with the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). agricultural land that can be foreign owned. 95-460) requires “foreign persons” who hold, acquire, or dispose of an interest in U. Sep 25, 2017 · The Agriculture Foreign Investment Disclosure Act was passed in 1978 to combat fears about increasing foreign investment in farmland. The AFIDA framework does 3. 4 This Act may be cited as the ‘‘Agriculture based on information submitted to the U. The AFIDA Improvements Act of 2024 will: A foreign person required to make a report to the Director by Section 3 of this Act shall be in full compliance with this Act if such person files with the Director a copy of the report filed with the Secretary of the United States Department of Agriculture as required by the Agricultural Foreign Investment Disclosure Act of 1978, as enacted by Please help us improve our site! ×. 117-328, FSA is directed to, “establish a streamlined process for … retention of disclosures made under the Agricultural Foreign Investment Disclosure Act [AFIDA], including an internet database that contains disaggregated data from each [AFIDA Farm Service Agency (FSA), in collaboration with the Business Center, is responsible for the implementation of the law and regulations as they relate to foreign ownership of United States (U. Q: Is there a federal foreign ownership law? Currently, no federal law exists that restricts foreign persons, entities, or governments from acquiring or holding U. The panel will discuss AFIDA's broad definition of what constitutes "agricultural land" as well as the low threshold for who is considered a "foreign person" to educate counsel on Oct 2, 2020 · Section 2(b) of the Agricultural Foreign Investment Disclosure Act of 1978 (7 U. 95–460 provided that: “This Act [enacting this chapter] may be cited as the ‘Agricultural Foreign Investment Disclosure Act of 1978’. 20 3502) is amended— 21 (1) by redesignating subsection (b) as sub-22 section (d); 4 This Act may be cited as the ‘‘Agricultural Foreign 5 Investment Disclosure Reform Act’’. 1 So in original. Reforms certain reporting requirements under the Agriculture and Foreign Investment Disclosure Act (AFIDA) to ensure accuracy and transparency of data on farmland owned by foreign persons or entities. ) Apr 11, 2023 · I write to encourage the Subcommittee to protect American farmland and critical infrastructure from malign foreign influence by directing the Department of Agriculture (USDA), and specifically the Farm Service Agency to enforce compliance with the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) and provide them sufficient for the Agricultural Foreign Investment Disclosure Act of 1978, As Amended (AFIDA) 24 Figure 5: U. 12 3502) is amended— Today, I am signing into law S. Department of Agriculture (“USDA”). A foreign person required to make a report to the Director by Section 3 of this Act shall be in full compliance with this Act if such person files with the Director a copy of the report filed with the Secretary of the United States Department of Agriculture as required by the Agricultural Foreign Investment Disclosure Act of 1978, as enacted by Mar 20, 2024 · Foreign Investment in U. Civil penalty Detailed Data Underlying the AFIDA Annual Reports Disclaimer: In accordance with Section 773 of the Consolidated Appropriations Act, 2023, P. Senator Sherrod Brown (D-OH) joined a bipartisan group of colleagues to introduce the Agricultural Foreign Investment Disclosure Act Improvements Act of 2024, which would shine a light on foreign adversaries that buy up farmland in Ohio by strengthening the reporting and enforcement of foreign ownership of agricultural land in the United States. cc/Q4EN-YDXP (archived Mar. 81-187. • Includes key provisions from H. The Agricultural Foreign Investment Disclosure Act (AFIDA) became law in late 1978. §§3501-3508) and its Jan 11, 2024 · This CLE webinar will guide practitioners through the Agricultural Foreign Investment Disclosure Act (AFIDA) and its reporting requirements for foreign persons with an ownership interest in U. 7 (a) REPORTING REQUIREMENT. Agricultural Land Through December 31, 2021, USDA, Farm Service Agency. The United States Department of Agriculture (USDA) does not share timely data on foreign investments in agricultural land collected under the Agricultural Foreign Investment Disclosure Act of 1978, as amended (AFIDA). This menu will point out the Sections on which an emergency rule (valid for a maximum of 150 days, usually until replaced by a permanent rulemaking) exists. Dec 15, 2023 · The proposed revisions to the FSA-153 Agricultural Foreign Investment Disclosure Act Report form will: Capture additional data on long-term lessees who are required to report their transactions to USDA. 3508)) in the United States that is in close proximity (subject to subsection (a)(4)(C)(ii)) to a United States military installation or another facility or property of the United States Government that is— ‘‘(A) sensitive for reasons relating to na- Figure 3: U. In GovTrack. A bill to amend the Agricultural Foreign Investment Disclosure Act of 1978 to establish an additional reporting requirement, and for other purposes. ) are leading a bipartisan group of senators in introducing legislation to address transparency and coordination flaws in the Agriculture Department’s ability to track foreign investment in U. Jan 3, 2025 · Jan 30, 2024. 18 (b) CIVIL PENALTIES. 3384, the Agricultural Foreign Investment Disclosure Act of 1978. —Section 3 of the Agricultural 11 Foreign Investment Disclosure Act of 1978 (7 U. The Agricultural Foreign Investment Disclosure Act (AFIDA) requires foreign investors who buy, sell or hold an interest in U. Senator Joe Manchin (D-WV) introduced the Agricultural Foreign Investment Disclosure Act (AFIDA) Improvements Act of 2024, bipartisan legislation to strengthen reporting and enforcement of foreign investment in American farmland and agribusiness. 2. a) Any foreign person subject to reporting under Section 3(a), (b), (c) or (d) of the Act shall file with the Director a copy of Form ASCS 153* which is required to be filed under the provisions of Public Law 95-460 (The Agricultural Foreign Investment Disclosure Act of 1978, 7 U. to as the Company) has violated the provisions of the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) (7 USC Section 3501) and the AFIDA regulations (7 CFR Part 781). Essentially, AFIDA requires . (Source: P. (a) Any foreign person who acquires or transfers any interest, other than a security interest, in agricultural land shall sub %PDF-1. As a then-member of the House of Representatives, I wrote the Agricultural Foreign Investment Disclosure Act enacted in 1978 that requires foreign nationals to report U. CFIUS, established in 1975 during the Cold War, has evolved significantly, gaining more authority to address national security threats posed by foreign investments. SHORT TITLE. Propose to collect data to assess the impacts of foreign investment on producers and rural communities, as required by AFIDA. Agricultural Land through December 31, 2022 Revised 12/20/2023; Foreign Holdings of U. 3666. agricultural land to report such holdings and transactions to the Secretary of Agriculture on an AFIDA Report Form FSA-153. Feb 1, 2024 · The legislation follows a recent report from the Government Accountability Office (GAO) that found that the United States Department of Agriculture (USDA) is ill-equipped to fully combat foreign ownership of agricultural land by foreign adversaries like China, and will improve USDA’s oversight of foreign land purchases. 9, 2024, 138 Stat. citizens Dec 21, 2024 · Oct 2, 2020. Foreign holdings of U. 3501 et seq). Essentially, AFIDA requires certain TOPN › A › Agricultural Foreign Investment Disclosure Act of 1978; Agricultural Foreign Investment Disclosure Act of 1978. Details of the reporting requirements can be found in the U. Agricultural land is a valuable asset here, and an attractive one for foreign investors. Type of Request: Revision. 3. 9483 (117th). ” 1 So in original. Foreign investors must file AFIDA Report Form FSA-153 with the FSA county office in county where the land is located. 95–460 provided that: "This Act [enacting this chapter] may be cited as the 'Agricultural Foreign Investment Disclosure Act of 1978'. Agricultural Land through December 31, 2021 Revised 7/12/2023 Agricultural Foreign Investment Disclosure Act of 1978. However, data collection has long been crippled by poor management and compliance. Federal law, however, requires foreign persons and entities to disclose to USDA information related to foreign investment and ownership of U. This Act may be cited as the "Agricultural Foreign Investment Disclosure Act of 1978". agricultural land. 110–246, Effective May 22, 2008] An Act to require foreign persons who acquire, transfer, or hold interests in agri-cultural land to report such transactions and holdings to the Secretary of Ag- Jan 30, 2024 · The AFIDA Improvements Act of 2024 would strengthen the Agricultural Foreign Investment Disclosure Act (AFIDA) by taking the following actions to improve the USDA’s processes, drawn largely from recommendations from the GAO report. agricultural land to report transactions and holdings to USDA through the Agricultural Foreign Investment Disclosure Act Report (FSA-153 form) within 90 days of the transaction. Jan 13, 2023 · This builds upon decades of my leadership to bring transparency to foreign ownership of U. (a) Any foreign person who acquires or transfers any interest, other than a security interest, in agricultural land shall sub To amend the Agricultural Foreign Investment Disclosure Act of 1978 with respect to certain agricultural land transactions, and for other purposes. Natural Resource Economics Division Nov 29, 2022 · While there is no federal law that restricts foreign investments of agricultural land, the federal government does monitor certain foreign acquisitions and landholdings in agricultural land through a federal reporting law known as the Agricultural Foreign Investment Disclosure Act (“AFIDA”) of 1978. If Additional Space is Needed, Use Page 2 ITEM ITEM 2. Dec 31, 2010 · Reports. Essentially, AFIDA requires • Agricultural Foreign Investment Disclosure Act (“AFIDA”) of 1978 • Latest official data is through December 31, 2021 • December 31, 2021, foreign ownership in private agricultural land: 40,031,308 acres • 2. The Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA; P. §3502. AFIDA established a nationwide system for USDA to collect data pertaining to foreign ownership of U. To amend the Agricultural Foreign Investment Disclosure Act of 1978 to establish an additional reporting requirement, and for other purposes. 95-460, 7 U. Current USDA disclosure requirements under the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA; P. • Requires USDA enter an MOU with the Committee on Foreign Investment in the United Aug 14, 2024 · We write regarding alleged inaccuracies in information publicly posted by the Farm Service Agency (FSA) on its website, specifically related to disclosures made under the Agricultural Foreign Investment Disclosure Act (AFID Dear Secretary Vilsack, We write regarding alleged inaccuracies in information publicly posted by the Farm Service Agency The Director shall establish a procedure for refunding any amounts of the civil penalty imposed under this Act which results in the aggregate penalty imposed by this Act and the Agricultural Foreign Investment Disclosure Act of 1978 (P. 1263, Oct. 3 million acres of agricultural land in the United States are controlled – either owned or under a long-term lease agreement – by foreign investors, according to a USDA database of foreign investment part 800 agricultural foreign investment disclosure act The General Assembly's Illinois Administrative Code database includes only those rulemakings that have been permanently adopted. AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT OF 1978 Public Law 95–460, 92 Stat. §§3501-3508), as implemented by Farm Service Agency (FSA), in collaboration with the Business Center, is responsible for the implementation of the law and regulations as they relate to foreign ownership of United States (U. This bill revises reporting requirements, allows increased civil penalties for failure to report or knowingly reporting misleading information, and otherwise modifies provisions related to foreign investment in agricultural lands within the United States. Feb 18, 2022 · Title: Agricultural Foreign Investment Disclosure Act Report. agricultural land to report their holdings and transactions to the USDA. §§3501-3508) provide that “any foreign person who acquires or transfers any interest, other than a security tural Foreign Investment Disclosure Act (AFIDA), RELATED TOPICS, https://perma. Dec 27, 2023 · On 15 December, 2023 the United States Department of Agriculture (USDA) announced a request for information on proposed revisions to the Agricultural Foreign Investment Disclosure Act (AFIDA) Report. Oct 7, 2015 · In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency (FSA) is requesting comments from all interested individuals and organizations on an extension of a currently approved information collection associated with the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. —Section 3 of the Agricultural 19 Foreign Investment Disclosure Act of 1978 (7 U. Current Statutes Federal Law: Agricultural Foreign Investment Disclosure Act (AFIDA), 7 U. Don't Panic! The pace of foreign investment in the United States shows no sign of slack-ening and there can be little doubt that it continues to quicken. The Agricultural Foreign Investment Disclosure Act of 1978 was passed by Congress to obtain information about overseas investment in U. OMB. 16 (2) FPAC-BC. 8522 (116th). You might just need to refresh it. OMB Control Number: 0560-0097. 18, 1979) Nonresident and Nonfarm Operator Ownership of Farmland (CED-80-125) (August 6, 1980) The Director shall establish a procedure for refunding any amounts of the civil penalty imposed under this Act which results in the aggregate penalty imposed by this Act and the Agricultural Foreign Investment Disclosure Act of 1978 (P. An Act to require foreign persons who acquire, transfer, or hold interests in agricultural land to report such transactions and holdings to the Secretary of Agriculture and to direct the Secretary to analyze information contained in such reports and determine the effects such transactions and holdings have, particularly on family farms and rural communities, and This Act may be cited as the "Agricultural Foreign Investment Disclosure Act of 1978". Department of Agriculture Regulations at 7 CFR Part 781. 4 million acres in 2022. S. The bill, called the AFIDA Improvements Act of 2024 is being introduced Thursday, and would implement several changes to […] Jan 29, 2024 · Congress passed the Agricultural Foreign Investment Disclosure Act of 1978, as amended (AFIDA), which required foreign persons and legal entities that acquire an interest in US agricultural land to submit reports to the agency that include at least the following information: (1) details of the transactions, (2) identification of the parties Oct 8, 2024 · The US Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) requires foreign entities, and US entities with as little as 10% foreign ownership, to file a report with the USDA Farm Service Agency within 90 days of buying or leasing agricultural land. Dec 7, 2018 · In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency (FSA) is requesting comments from all interested individuals and organizations on an extension of a currently approved information collection request associated with the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. farmland and directs the Secretary of Agriculture to evaluate the effects of such foreign investment on family farms and rural communities. Short title. Jan 5, 2024 · • Tighten USDA Foreign Investment Disclosure Requirements. The Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA), discussed in this CRS In Focus, requires foreign investors to disclose their interests in U. Feb 8, 2024 · Agricultural Foreign Investment Disclosure Act of 1978 (7 U. Section 1 of Pub. Senator Jon Tester today introduced his AFIDA Improvements Act of 2024, bipartisan legislation to strengthen reporting and enforcement of foreign investment in American The Agricultural Foreign Investment Disclosure Act of 1978 : the first regulation of foreign investment in United States real estate by Zagaris, Bruce; United States. 3384] Agricultural Foreign Investment Disclosure Act of 1978. Mar 29, 2006 · In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency (FSA) is seeking comments from all interested individuals and organizations on the extension of a currently approved information collection associated with Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). Department of Agriculture Reported Penalties Assessed from 1998-2021 for Non-Compliance with the Agricultural Foreign Investment Disclosure Act of 1978, As Amended (AFIDA) 25 Figure 6: Agricultural Foreign Investment Disclosure Act of 1978, Sep 21, 2023 · This resource functions as an information catalog for the topic of foreign and corporate ownership of land, including lists for laws, regulations, and cases concerning land ownership within the U. In fact, foreign investment in agriculture has grown substantially—to as much as 43. 3501 et seq. Congress. Agricultural Land Jan 25, 2024 · Senator’s AFIDA Improvements Act of 2024 would implement key recommendations from recent Government Accountability Office (GAO) report; Improved tracking will help block adversaries like China from acquiring U. Pub. Fee Interest (ownership) Partial % Apr 19, 2024 · The Agricultural Foreign Investment Disclosure Act (AFIDA) requires foreign investors who buy, sell or hold an interest in U. Department of Agriculture in compliance with the Agricultural Foreign Investment Disclosure Act of 1978. B, title VII, §742, Mar. —The term ‘‘FPAC-BC’’ means 17 the Farm Production and Conservation Business 18 Feb 5, 2024 · WASHINGTON, DC – U. However, this may not be the only To amend the Agricultural Foreign Investment Disclosure Act of 1978 to require additional reporting and public disclosure of information. agricultural land to the U. ” Subject: IImplementation of the Agricultural Foreign 'Investment Disclosure Act of 19781(CED-80-38) In a letter dated August 2, 1979, you asked us to determine how many foreign investors identified in our July 30, 1979, report 1/ had registered with the Department I of Agriculture as required by the Agricultural Foreign Invest- new data system to comply with the Agricultural Foreign Investment Disclosure Act. 4 This Act may be cited as the ‘‘Farmland Security Act 5 of Nov 15, 2022 · While there is no federal law that restricts foreign investments of agricultural land, the federal government does monitor certain foreign acquisitions and landholdings in agricultural land through a federal reporting law known as the Agricultural Foreign Investment Disclosure Act (“AFIDA”) of 1978. H. agricultural land report such holdings and Jan 23, 2024 · The U. ). 31, 2020 • 3. Commodity Credit Corporation (CCC): The bill fully reimburses the CCC for the FY 2024 net realized losses and requires the Secretary to submit a detailed spend plan to the Appropriations Committee prior to the transfer of CCC funds to other agencies under its Oct 31, 2024 · S. is known as the breadbasket of the world. Definition of Agricultural Foreign Investment Disclosure Act in the Financial Dictionary - by Free online English dictionary and encyclopedia. [As Amended Through P. Jan 25, 2024 · With this transaction under the microscope, the members of Congress also found perceived inaccuracies and a lack of reliability in the reporting mechanism of foreign investment under the Agricultural Foreign Investment Disclosure Act of 1978. 3508)) on the 17 farms and land of the United States. agricultural land that can be foreign-owned. What is Agricultural Foreign Investment Disclosure Act? Meaning of Agricultural Foreign Investment Disclosure Act as a finance term. Since 2017, foreign entities have Jan 10, 2024 · The Agricultural Foreign Investment Disclosure Act (AFIDA) requires foreign investors who buy, sell or hold an interest in U. This Act may be cited as the AFIDA Improvements Act of 2024. 12 (a) DEFINITIONS. ” and inserting the following: “agricultural land on the day before the date of the enactment of the Agricultural Foreign Investment Disclosure Reform Act shall Jun 18, 2024 · The Agricultural Foreign Investment Disclosure Act of 1978 and the Committee on Foreign Investment in the United States are key mechanisms used to track and review these investments. Beyond our amber waves of grain, America is a top producer of corn, soybeans, grapes, cattle and dairy, and much more. This section is referred to in sections 3502, 3503, 3505, 3506 of this title. Forest land accounted for 46 percent of all reported foreign-held acreage, cropland for 29 percent, pasture an d other agricultural land for 23 percent, and non-agricultural land for 2 percent. report Dec 6, 2024 · H. Civil penalty (a) If the Secretary determines that a person— 17 in section 9 of the Agricultural Foreign Investment 18 Disclosure Act of 1978 (7 U. 10 (b) CIVIL PENALTY. 1. §§3501-3508). The Agricultural Foreign Investment Disclosure Act of 1978. Agricultural Land through December 31, 202 3; Foreign Holdings of U. Feb 1, 2024 · This bill will codify recommendations published by the GAO after they conducted a study of the Agricultural Foreign Investment Disclosure Act (AFIDA). This legislation establishes a nationwide system to monitor foreign purchases of U. 19, 2018) [hereinafter Agricultural Foreign Investment Disclosure Act (AFIDA)]. 20 3502) is amended— 21 (1) by redesignating subsection (b) as sub-22 section (d); Sep 25, 2024 · In a letter to Agriculture Secretary Tom Vilsack, Grassley notes the Agricultural Foreign Investment Disclosure Act of 1978 – which he cosponsored as a member of the House of Representatives – requires USDA to “collect, track and report reliable data on foreign investments in U. Source: Foreign Holdings of U. house. 14, 1978. 1% of all privately held U. agricultural land to report the transactions and holdings to FSA on an AFIDA report Section 1 of Pub. 3501(b)) is amended, in the matter preceding paragraph (1), by striking “agricultural land” and all that follows through “effective date. Agricultural Land – How It Shapes Up (CED-79-114) (July 30, 1979) Implementation of Agricultural Foreign Investment Disclosure Act of 1978 (CED-80-38) (Dec. gov Dec 31, 2012 · As directed by the Consolidated Appropriations Act, 2023, FSA is supplementing the annual Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) reports to Congress with searchable spreadsheets detailing foreign agricultural land ownership. 1978 [S. Mike Braun (R-Ind. 7131 and H. . agricultural land to USDA. Jan 30, 2024 · To amend the Agricultural Foreign Investment Disclosure Act of 1978 to establish an additional reporting requirement, and for other purposes. 95-460; 7 U. —In this section: 13 (1) AFIDA. 110–246, Effective May 22, 2008] An Act to require foreign persons who acquire, transfer, or hold interests in agri-cultural land to report such transactions and holdings to the Secretary of Ag- Jan 31, 2024 · This bill will codify recommendations published by the GAO after they conducted a study of the Agricultural Foreign Investment Disclosure Act (AFIDA). Foreign investors must file AFIDA Report Form FSA-153 with the FSA county office in the county where the land is located. The GAO concluded that the Congressional requestors had it right. Fee Interest (ownership) Whole B. farmland Sorry to interrupt Close this window. Committee on Foreign Investment in the United States (CFIUS) agencies, including the 5. 95-460) requires ``foreign persons'' who hold, acquire, or dispose of an interest in U. This page has an error. The Agricultural Foreign Investment Disclosure Act (AFIDA) requires the Department of Agriculture (USDA) to collect data on foreign investor ownership of American agricultural land. But these investments may Farm Service Agency (FSA), in collaboration with the Business Center, is responsible for the implementation of the law and regulations as they relate to foreign ownership of United States (U. agricultural land to register with the Department of Agriculture (USDA). Department of Agriculture \(USDA\) Offices with Agricultural Foreign Investment Disclosure Act of 1978, As Amended \(AFIDA\) Responsibilities 14 Page ii GAO-24-106337 Foreign Investments in U. 1978 land to report such transactions and holdings to the Secretary of Agriculture [S. ) The United States Department of Agriculture (USDA) does not share timely data on foreign investments in agricultural land collected under the Agricultural Foreign Investment Disclosure Act of 1978, as amended (AFIDA). Feb 1, 2024 · The bill was written as an amendment to the Agricultural Foreign Investment Disclosure Act of 1978 and was designed to make it easier for Americans to detect what farms have been purchased by Jul 31, 2023 · Agricultural Foreign Investment Disclosure Act Report ICR 202201-0560-001 OMB: 0560-0097 Federal Form Document. A. 4 days ago · that involves the acquisition of an interest in agricultural land by a foreign person of a covered country; and (cc) with respect to which a person is required to submit a report to the Secretary of Agriculture under section 2(a) of the Agricultural Foreign Investment Disclosure Act of 1978 (7 U. Department of Agriculture Reported Penalties Assessed from 1998-2021 for Non-Compliance with the Agricultural Foreign Investment Disclosure Act of 1978, As Amended (AFIDA) 25 Figure 6: Agricultural Foreign Investment Disclosure Act of 1978, Jan 18, 2024 · What GAO Found. 6 SEC. land U. L. Shown Here: Introduced in House (10/02/2020) Agricultural Foreign Investment Disclosure Reform Act. 7 (a) REPORTINGREQUIREMENT. 3384] and to direct the Secretary to analyze information contained in such reports and determine the effects such transactions Feb 15, 2024 · The USDA is required to submit disclosures of foreign landownership in compliance with the Agricultural Foreign Investment Disclosure Act of 1978. PUBLIC LAW 95-460—OCT. Mar 29, 2023 · of the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). To amend the Defense Production Act of 1950 and the Agricultural Foreign Investment Disclosure Act of 1978 with respect to foreign investments in United States agriculture. 15 hours ago · The Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) requires foreign entities to report purchases, sales and interests in U. See full list on uscode. Probably should be “principal”. —The term ‘‘AFIDA’’ means the 14 Agricultural Foreign Investment Disclosure Act of 15 1978 (7 U. ) agricultural land. In short, by codifying the GAO recommendations, Congress will be better able to hold USDA accountable and amend AFIDA where needed to empower better data reporting and review. Probably should be "principal". In Part 2 of this series, the center defines the Agricultural Foreign Investment Disclosure Act (AFIDA), what it is and how it's used. farmland. AGRICULTURAL FOREIGN INVESTMENT DISCLO-11 SURE IMPROVEMENTS. To amend the Agricultural Foreign Investment Disclosure Act of 1978 to remove the limitation on the amount of a civil penalty, and for other purposes. 14, 1978 92 STAT. R. agricultural land to Jan 9, 2024 · As previously discussed, the Agricultural Foreign Investment Disclosure Act (“AFIDA”) (7 U. 5078. agricultural land holdings under the Agricultural Foreign Investment Disclosure Act (“AFIDA”). agricultural land to USDA via Form-153 submitted to the Farm Service Agency. Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA; P. AFIDA became law in 1978 and requires foreign investors who acquire, transfer, or hold an interest in U. USDA regulations require foreign investors who acquire, transfer, or hold an interest in U. 8) Two years later, a Government Accountability Office (GAO) report on foreign investment in Jan 5, 2024 · • Tighten USDA Foreign Investment Disclosure Requirements. Public Law 95-460. REPORTING REQUIREMENTS SEC. ) and Jon Tester (D-Mont. Aug 28, 2024 · One area of congressional interest has been in foreign ownership of U. (a) Any foreign person who acquires or transfers any interest, other than a security interest, in agricultural land shall sub Oct 14, 1978 · Oct 14, 1978. 1263 Public Law 95-460 95th Congress An Act To require foreign persons who acquire, transfer, or hold interests in agricultural Oct. The regulations promulgated under the law require foreign entities to report interests in U. Department of Agriculture’s (“USDA”) announced that it is seeking public feedback—due by February 16, 2024—on how foreign persons report their U. 3384 (95th). AN ACT To require foreign persons who acquire, transfer, or hold interests in agri- cultural land to report such transactions and holdings to the Secretary of Agri- culture and to direct the Secretary to analyze information contained in such re- The Agricultural Foreign Investment Disclosure Act (AFIDA) became law in late 1978. The regulations require foreign investors who acquire, transfer, or hold an interest in U. 95-460, Oct. §§3501-3508) provide that “any foreign person who acquires or transfers any interest, other than a security Detailed Data Underlying the AFIDA Annual Reports Disclaimer: In accordance with Section 773 of the Consolidated Appropriations Act, 2023, P. No thank you Dec 18, 2023 · The Agricultural Foreign Investment Disclosure Act of 1978 (Pub. agricultural land to report transactions and holdings to USDA through the Agricultural Foreign Investment Disclosure Act Report (FSA-153 form) within Nov 2, 2023 · As noted in a January Congressional Research Service report, the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) established a nationwide system for collecting information pertaining to foreign ownership of U. required a feasibility study for a system to monitor foreign investment in farmland. At my county meetings, I hear growing Apr 16, 2024 · The Agricultural Foreign Investment Disclosure Act (AFIDA) requires foreign investors who buy, sell or hold an interest in U. L. 3501(b)) is amended, pbinns on DSKJLVW7X2PROD with BILLS VerDate Sep 11 2014 00:31 Oct 30, 2020 Jkt 019200 PO Aug 8, 2023 · While there are approximately twenty-four states that specifically forbid or limit foreign ownership of farmland within their state, the federal government only monitors certain foreign acquisitions and landholdings in agricultural land through the Agricultural Foreign Investment Disclosure Act (“AFIDA”) of 1978. 118–42, div. A foreign person required to make a report to the Director by Section 3 of this Act shall be in full compliance with this Act if such person files with the Director a copy of the report filed with the Secretary of the United States Department of Agriculture as required by the Agricultural Foreign Investment Disclosure Act of 1978, as enacted by 5. 7 %âãÏÓ 1091 0 obj > endobj 1112 0 obj >/Filter/FlateDecode/ID[573501ED67CC204E9493546A519269F4>84ACE1A7ACA98B40A21105A2B6CCD489>]/Index[1091 146]/Info for the Agricultural Foreign Investment Disclosure Act of 1978, As Amended (AFIDA) 24 Figure 5: U. About 27. First, would you give us some details? Dec 31, 2012 · Detailed Data Underlying the AFIDA Annual Reports. —Section 3 of the Agricultural 21 Foreign Investment Disclosure Act of 1978 (7 U. The bill would aid ongoing efforts to prevent foreign adversaries Feb 6, 2024 · On January 25, 2024, Senator Mike Braun (R-IN) introduced the AFIDA Improvements Act of 2024 which seeks to amend certain provisions of the Agricultural Foreign Investment Disclosure Act (“AFIDA”)—the federal law that requires certain foreign investors to disclose their agricultural landholdings. Tract Location and Description 5. Oct. 14. §§ 3501 through 3508 This Act may be cited as the "Agricultural Foreign Investment Disclosure Act of 1978". S. Feb 1, 2024 · U. 7 use 3501 note. C. 111, provided that: "The Secretary, as part of the report on foreign landholding required under the Agricultural Foreign Investment Disclosure Act (Public Law 95–460), shall report to Congress on foreign investments in agricultural land in the United States, including the Agricultural Foreign Investment Disclosure Act (AFIDA) Farm Service Agency (FSA), in collaboration with the Business Center, is responsible for the implementation of the law and regulations as they relate to foreign ownership of United States (U. 22 3502) is amended— 23 (1) by redesignating subsection (b) as sub-24 section (d); Sep 16, 2024 · Dec 8, 2022. This Essay does not discuss the Committee on Foreign Investment in the United States (CFIUS). The Agriculture Foreign Investment Disclosure Act (AFIDA) of 1978 requires disclosure of foreign ownership of U. To amend the Agricultural Foreign Investment Disclosure Act of 1978 with respect to certain agricultural land transactions, and for other purposes. —Section 2 of the 8 Agricultural Foreign Investment Disclosure Act of 1978 9 (7 U. 110–246, Effective May 22, 2008] An Act to require foreign persons who acquire, transfer, or hold interests in agri-cultural land to report such transactions and holdings to the Secretary of Ag- Congress, To require foreign persons who acquire, transfer, or hold interests in agricultural land to report such transactions and holdings to the Secretary of Agriculture and to direct the Secretary to analyze information contained in such reports and determine the effects such transactions and holdings have, particularly on family farms and Use the following instructions to complete the Agricultural Foreign Investment Disclosure Act Report (FSA-153) to meet the reporting requirements of Agricultural Foreign Investment Disclosure Act of 1978. Agricultural Foreign Investment Disclosure Act of 1978. 4 million acre increase from Dec. The regulations, Part 781, Disclosure of Foreign Investment in Agricultural Land were created to implement the AFIDA. ag land (defined as land used for forestry production, farming, ranching or timber production). 3508)) on the 19 farms and land of the United States. Essentially, AFIDA requires certain Pub. Foreign takeovers of large United States business entities and banks have received Jan 25, 2024 · Sens. 7 (Before this study was completed, Congress passed the Agricultural Foreign Investment Disclosure Act, see below. 3501) is amended by adding at the end the fol-10 lowing: AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT REPORT NOTE: Read Instructions on Page 2 Before Filing in Any Data Below. It defines foreign entities broadly, including individuals, companies and even foreign governments, but excludes U. 15 in section 9 of the Agricultural Foreign Investment 16 Disclosure Act of 1978 (7 U. As directed by the Consolidated Appropriations Act, 2023, FSA is supplementing the annual Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) reports to Congress with searchable spreadsheets detailing foreign agricultural land ownership. Foreign Holdings of U. 4 This Act may be cited as the ‘‘AFIDA Improvements 5 Act of 2024’’. 14, Jul 14, 2022 · The Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) requires that foreign investors who acquire, transfer, or hold an interest in U. §§ 3501–3508) contains reporting requirements mandating that certain foreign and domestic entities disclose their interests in U. Forest land accounted for 54 percent of all foreign held agricultural acreage, cropland for 19 percent, and pasture and other agricultural land for 27 percent. ANNUAL REPORTS TO THE SECRETARY. 7131 (118th). REPORTING; ENFORCEMENT. Jan 23, 2024 · Recently, the U. 4 Nov 9, 2012 · In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency (FSA) is requesting comments from all interested individuals and organizations on the extension of a currently approved information collection associated with the Agricultural Foreign Investment Disclosure Act (AFIDA) of 1978. 6469. 95-460) exceeding 25% of the fair market value of such land. 3501(a)). Nov 1, 2022 · While there are approximately fourteen states that specifically forbid or limit foreign ownership of farmland within their state, the federal government only monitors certain foreign acquisitions and landholdings in agricultural land through the Agricultural Foreign Investment Disclosure Act (“AFIDA”) of 1978. 1 Be it enacted by the Senate and House of Representa-2 tives of the United States of America in Congress assembled, 3 SECTION 1. Type of Interest Held in the Agricultural Land (Check One) CHECK A. 117-328, FSA is directed to, “establish a streamlined process for … retention of disclosures made under the Agricultural Foreign Investment Disclosure Act [AFIDA], including an internet database that contains disaggregated data from each [AFIDA private U. Many US companies that use agricultural land for non-ag purposes, such as renewable energy development and data center construction, do 4 This Act may be cited as the ‘‘AFIDA Improvements 5 Act of 2024’’. Department of Agriculture. us, a database of bills in the U. farm holdings to the USDA. " Section Referred to in Other Sections. To amend the Agricultural Foreign Investment Disclosure Act of 1978 to increase oversight and enforcement with respect to foreign investment in agricultural lands within the United States, and for other purposes. Any foreign person or entity who acquires or 6 the Agricultural Foreign Investment Disclosure Act 7 of 1978 (7 U. —Section 2 of the 8 Agricultural Foreign Investment Disclosure Act of 1978 kjohnson on DSK7ZCZBW3PROD with $$_JOB VerDate Sep 11 2014 01:38 Jan 30, 2024 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E of private U. Abstract: AFIDA requires foreign persons who hold, acquire, or dispose of any interest in U. Foreign landownership is mainly in forest land, at 48%, followed by cropland at 28%, pastureland and other land at 21% and nonagricultural land at more than 2%. The regulations require that a foreign person who acquires, disposes of, or holds an interest in United States agricultural land shall disclose such transactions and holdings to the Secretary of Agriculture. Dec 18, 2023 · SUPPLEMENTARY INFORMATION: Background The Agricultural Foreign Investment Disclosure Act of 1978 (Pub. The Agricultural Foreign Investment Disclosure Act of 1978 requires foreign investors in U. Expiration Date of Approval: June 30, 2022. 20 (b) CIVIL PENALTIES.