H.R. 8722

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8722 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 8722

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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IN THE HOUSE OF REPRESENTATIVES

May 11, 2026

Mr. Bacon introduced the following bill; which was referred to the 
Committee on Agriculture

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A BILL

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.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. IMPLEMENTATION OF AFIDA.

(a) MOU With CFUIS.--Not later than 1 year after the date of 
enactment of this Act, the Secretary of Agriculture shall enter into 1 
or more memoranda of understanding with the Committee on Foreign 
Investment in the United States under which the Secretary shall provide 
the Committee with all relevant information relating to reports on 
foreign ownership of United States agricultural land submitted to the 
Secretary under section 2 of the Agricultural Foreign Investment 
Disclosure Act of 1978 (7 U.S.C. 3501), including information on--
(1) each report submitted to the Secretary under such 
section; and
(2) with respect to each such report, the identity of the 
foreign persons included in the report and the date of 
submission.
(b) AFIDA Handbook Updates.--
(1) First update.--Not later than 2 years after the date of 
enactment of this Act, the Secretary of Agriculture shall--
(A) update the most recent version of the Farm 
Service Agency handbook titled ``Foreign Investment 
Disclosure'' as determined necessary by the Secretary 
for the effective implementation of the Agricultural 
Foreign Investment Disclosure Act of 1978 (7 U.S.C. 
3501 et seq.); and
(B) incorporate in such update the recommendations 
made by the report of the Government Accountability 
Office titled ``Foreign Investments in U.S. 
Agricultural Land: Enhancing Efforts to Collect, Track, 
and Share Key Information Could Better Identify 
National Security Risks'' and dated January 18, 2024.
(2) Subsequent updates.--After carrying out the update of 
the handbook under paragraph (1)(A), the Secretary of 
Agriculture shall carry out an update of such handbook every 10 
years thereafter, including by incorporating any 
recommendations of the Government Accountability Office.
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