,,ii #aaith ,,congress #ast ,session ,s4 #aifi ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #e1 #bjbe,mr4 ,ricketts 7for himself1 ,mr4 ,tuberville1 ,mr4 ,fetterman1 ,mr4 ,wicker1 ,mr4 ,cornyn1 and ,mrs4 ,britt7 introduced the following bill2 which was read twice and referred to the ,committee on ,agriculture1 ,nutrition1 and ,forestry ,a ,,bill ,to amend the ,agricultural ,foreign ,investment ,disclosure ,act of #aigh to establish an additional reporting requirement1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,,afida ,improvements ,act of #bjbe4 #b4 ,reporting2 enforcement 7a7 ,reporting requirement ,section #b of the ,agricultural ,foreign ,investment ,disclosure ,act of #aigh 7#g ,u4,s4,c4 #ceja7 is amended by adding at the end the following3 7g7 ,minimum ownership ,in the case of agricultural land in which more than #a foreign person acquires or transfers any interest1 other than a security interest1 the reporting requirements under this section shall apply to each foreign person who holds at least a #a percent interest in that land-- 7#a7 directly through the first tier of ownership2 or 7#b7 in the aggregate through an interest in other entities at various tiers4 4 7b7 ,enforcement ,section #d of the ,agricultural ,foreign ,investment ,disclosure ,act of #aigh 7#g ,u4,s4,c4 #cejc7 is amended-- 7#a7 by striking the section designation and all that follows through ,the ,secretary and inserting the following3 #d4 ,investigative actions 7a7 ,in general ,the ,secretary 2 and 7#b7 by adding at the end the following3 7b7 ,actions by ,,fpac-,,bc ,as part of the actions taken under subsection 7a71 the ,farm ,production and ,conservation ,business ,center shall-- 7#a7 take such actions as are necessary to validate the data collected under section #b1 including revising and validating information throughout the data collection process2 7#b7 take such actions as are necessary to ensure compliance with section #b7;g72 and 7#c7 in coordination with the ,farm ,service ,agency1 to the maximum extent practicable1 identify persons that have carried out an activity subject to a civil penalty described in paragraph 7#a7 or 7#b7 of section #c7;a74 4 #c4 ,agricultural foreign investment disclosure improvements 7a7 ,definitions ,in this section3 7#a7 ,,afida ,the term ,,afida means the ,agricultural ,foreign ,investment ,disclosure ,act of #aigh 7#g ,u4,s4,c4 #ceja et seq474 7#b7 ,,fpac-,,bc ,the term ,,fpac-,,bc means the ,farm ,production and ,conservation ,business ,center4 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,agriculture4 7b7 ,,mou with ,,cfius ,not later than #a year after the date of enactment of this ,act1 the ,secretary shall enter into #a 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 #b of ,,afida 7#g ,u4,s4,c4 #ceja71 including information on-- 7#a7 each report submitted to the ,secretary2 and 7#b7 with respect to each such report1 the identity of the person submitting the report and the date of submission4 7c7 ,,afida handbook updates 7#a7 ,first update ,not later than #a year after the date of enactment of this ,act1 the ,secretary shall update the most recent version of the ,farm ,service ,agency handbook entitled ,foreign ,investment ,disclosure as determined necessary by the ,secretary for the effective implementation of ,,afida1 which update shall incorporate recommendations made by the report of the ,government ,accountability ,office entitled ,foreign ,investments in ,u4,s4 ,agricultural ,land3 ,enhancing ,efforts to ,collect1 ,track1 and ,share ,key ,information ,could ,better ,identify ,national ,security ,risks and dated ,january #ah1 #bjbd4 7#b7 ,subsequent updates ,after updating the handbook described in paragraph 7#a7 under that paragraph1 the ,secretary shall carry out an update of that handbook every #aj years thereafter1 including by incorporating any recommendations of the ,government ,accountability ,office4 7d7 ,analysis of streamlined process for electronic submission and retention of reports under ,,afida 7#a7 ,definition of covered process ,in this subsection1 the term covered process means the streamlined process for electronic submission and retention of disclosures made under ,,afida required under section #ggc of division ,a of the ,consolidated ,appropriations ,act1 #bjbc 7#g ,u4,s4,c4 #ceja note2 #acf ,stat4 #deji74 7#b7 ,analysis ,unless the covered process is established by not later than #a year after the date of enactment of this ,act1 the ,,fpac-,,bc1 in coordination with the ,farm ,service ,agency1 shall1 by that date-- 7,a7 carry out an analysis of the specific steps required to establish that process and the elements of that process2 and 7,b7 develop a timeline for specific implementation benchmarks to be met4 7#c7 ,report ,the ,secretary shall submit to the ,committee on ,agriculture1 ,nutrition1 and ,forestry of the ,senate and the ,committee on ,agriculture of the ,house of ,representatives a report describing the analysis and implementation timeline under paragraph 7#b71 if applicable4