[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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 11, 2026

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

_______________________________________________________________________

                                 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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