H.R. 1789 · 118th Congress
To amend the Agricultural Foreign Investment Disclosure Act of 1978 to increase the minimum amount of a civil…
Full title
To amend the Agricultural Foreign Investment Disclosure Act of 1978 to increase the minimum amount of a civil penalty imposed for violating such Act, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
MillerSponsorNo cosponsors.
This bill increases the minimum amount of a civil penalty for violating the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). (The regulations that implemented AFIDA require foreign investors who acquire, transfer, or hold an interest in U.S. agricultural land to report such holdings and transactions to the Department of Agriculture.)
What it does: CRS summary · Introduced in House · Mar 24, 2023
This bill increases the minimum amount of a civil penalty for violating the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). (The regulations that implemented AFIDA require foreign investors who acquire, transfer, or hold an interest in U.S. agricultural land to report such holdings and transactions to the Department of Agriculture.)
The bill requires that any AFIDA civil penalty be at least 50% of the fair market value of the interest in the agricultural land associated with the violation. Current law prohibits the civil penalty from exceeding 25% of the fair market value of the interest in the land.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Agricultural Foreign Investment Disclosure Act of 1978 to increase the minimum amount of a civil penalty imposed for violating such Act, and for other purposes.
Latest action (Mar 24, 2023): Referred to the House Committee on Agriculture.
Policy area: Agriculture and Food · Origin: House · Introduced: Mar 24, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.