H.R.8722

The bill mandates the Secretary of Agriculture to collaborate with CFIUS on AFIDA reports and update the AFIDA handbook.

The bill requires the Secretary of Agriculture to enter into memoranda of understanding with the Committee on Foreign Investment in the United States (CFIUS) regarding reports on foreign ownership of U.S. agricultural land submitted under the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). It mandates updates to the AFIDA handbook, incorporating recommendations from the Government Accountability Office, with the first update due two years after enactment and subsequent updates every ten years.