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HR 13128 95th Congress House Foreign Trade and International Finance Agricultural statistics Agriculture and Rural Affairs Census Congress Congressional oversight Farm lands Farms Foreign investments Real property

Agricultural Foreign Investment Disclosure Act

Introduced: June 14, 1978 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 14, 1978
Referred to House Committee on Agriculture.
Jun 14, 1978
Introduced in House
 Plain-English summary Congressional Research Service

Agricultural Foreign Investment Disclosure Act - Requires a report to the Secretary of Agriculture, containing legal name, address, citizenship, type of interest, and legal description of the land involved, and other specified information, from any foreign person (including individuals, organizations, governments, or any combination thereof) who holds, acquires, or transfers any interest, other than a security interest, in agricultural land.

Establishes a civil penalty for violation of any provision of this Act in an amount not to exceed 25 percent of the fair market value of the land interest involved on the date of the penalty assessment.

Requires the Secretary to report to the President and to Congress an analysis of the information obtained by him pursuant to this Act, and a determination of the effects of foreign holdings, acquisitions, and transfers on family farms and rural communities.

What's happening now June 14, 1978

Referred to House Committee on Agriculture.

 Committees of jurisdiction 1