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.

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. | JustPolicyThe purpose of this legislation is to improve the oversight of foreign investments in U.S. agricultural land. It aims to enhance the collaboration between the Secretary of Agriculture and the Committee on Foreign Investment in the United States (CFIUS) to ensure that information about foreign ownership is accurately reported and managed. Key provisions of this legislation require the Secretary of Agriculture to establish a formal agreement with CFIUS within one year of the law being enacted.