[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 4667 Introduced in Senate (IS)]

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117th CONGRESS
  2d Session
                                S. 4667

To amend the Agricultural Foreign Investment Disclosure Act of 1978 to 
   require additional reporting and public disclosure of information.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 28, 2022

  Ms. Baldwin (for herself and Mr. Grassley) introduced the following 
      bill; which was read twice and referred to the Committee on 
                  Agriculture, Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
To amend the Agricultural Foreign Investment Disclosure Act of 1978 to 
   require additional reporting and public disclosure of information.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Farmland Security Act of 2022''.

SEC. 2. REPORTS AND PUBLIC AVAILABILITY OF INFORMATION ON FOREIGN 
              INVESTMENT IN AGRICULTURAL LAND.

    (a) Reports.--Section 6 of the Agricultural Foreign Investment 
Disclosure Act of 1978 (7 U.S.C. 3505) is amended--
            (1) by striking the section designation and heading and all 
        that follows through ``Not later than'' and inserting the 
        following:

``SEC. 6. REPORTS.

    ``(a) To States.--Not later than''; and
            (2) by adding at the end the following:
    ``(b) To Congress.--Not later than 180 days after the date of 
enactment of this subsection, and annually thereafter, the Secretary 
shall submit to Congress a report on foreign investments in 
agricultural land in the United States, including a description of the 
impact that foreign ownership of agricultural land has on family farms, 
rural communities, and the domestic food supply.''.
    (b) Public Availability of Information.--Section 7 of the 
Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3506) 
is amended to read as follows:

``SEC. 7. PUBLIC DATABASE.

    ``(a) In General.--Not later than 180 days after the date of 
enactment of the Farmland Security Act of 2022, the Secretary shall 
establish, and make publicly available on the Department of Agriculture 
website, a database that--
            ``(1) contains data from each report submitted to the 
        Secretary under section 2 in the preceding calendar year; and
            ``(2) not later than 10 days after the submission of any 
        report under section 2, shall be updated with the data in that 
        report.
    ``(b) Database Organization.--The database described in paragraph 
(1) shall organize information into the following categories with 
respect to a foreign person who has submitted a report under section 2:
            ``(1) If the foreign person is an individual, the 
        citizenship of the foreign person.
            ``(2) If the foreign person is not an individual or a 
        government--
                    ``(A) the nature of the legal entity that is the 
                foreign person;
                    ``(B) the country in which the foreign person is 
                registered or organized; and
                    ``(C) the principal place of business of the 
                foreign person.''.
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