H. R. 7131, titled the "AFIDA Improvements Act of 2024," aims to amend the Agricultural Foreign Investment Disclosure Act of 1978 by introducing an additional reporting requirement for foreign investors holding at least a 1% interest in U.S. agricultural land. The bill mandates collaboration...
Simple Explanation
The government wants to know more about when people from other countries own land in the U.S. for farming. A new rule says they need to tell the government if they own at least 1% of this land and work with other officials to make this information easy to share and update.