To require the Secretary of Agriculture to enter into a memoranda of understanding with CFIUS with respect to reports under AFIDA and to update the AFIDA handbook.
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Summary
This bill requires the Secretary of Agriculture to establish a memorandum of understanding with the Committee on Foreign Investment in the United States (CFIUS) to share information about foreign ownership of U.S. agricultural land reported under the Agricultural Foreign Investment Disclosure Act (AFIDA). The bill also mandates that the Agriculture Department update its Foreign Investment Disclosure handbook within two years to incorporate Government Accountability Office recommendations, and requires subsequent updates every ten years thereafter.
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