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.

Summary

The bill directs the Secretary of Agriculture to enter into one or more memoranda of understanding with the Committee on Foreign Investment in the United States (CFIUS) to share information about foreign ownership of U.S. agricultural land. It also mandates that the USDA update the Agricultural Foreign Investment Disclosure Act (AFIDA) handbook within two years and every ten years thereafter, incorporating GAO recommendations. The goal is to improve transparency and address national‑security concerns linked to foreign land purchases.

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