Agricultural Foreign Investment Disclosure Act

Summary

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.

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Timeline

1. 27 July 1978

   Introduced

   Referred to Senate Committee on Agriculture, Nutrition and Forestry.

   Source: IntroReferral

2. 27 July 1978

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 27 July 1978

  Open at official source

Sponsors

• Sen. Cranston, Alan [D-CA] · D · Sponsor
• Sen. Wallop, Malcolm [R-WY] · R · Cosponsor
• Sen. Anderson, Wendell R. [D-MN] · D · Cosponsor
• Sen. Church, Frank [D-ID] · D · Cosponsor
• · ssaf00 · Standing

Related records

• related to → Agricultural Foreign Investment Disclosure Act