Search Results: keywords:"foreign-owned shell corporations"

  • S. 845 — To amend the Agricultural Foreign Investment Disclosure Act of 1978 to remove the limitation on the amount of a civil penalty, and for other purposes.
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    Status:Introduced in Senate
    Words:950

    S. 845 proposes changes to the Agricultural Foreign Investment Disclosure Act of 1978, specifically removing limits on civil penalties for violating the Act. It introduces higher penalties for foreign-owned shell corporations that violate the Act, with fines up to the full market value of the...

    Simple Explanation

    S. 845 is a plan to change rules about foreign people and companies owning farmland in the U.S. It wants to make sure these owners follow the rules by checking their reports, training people who check the reports, and maybe making them pay a lot of money if they don't follow the rules.

  • H. R. 1629 — To amend the Agricultural Foreign Investment Disclosure Act of 1978 to remove the limitation on the amount of a civil penalty, and for other purposes.
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    Status:Introduced in House
    Words:966

    The bill titled H.R. 1629, or the “Farmland Security Act of 2025,” seeks to modify the Agricultural Foreign Investment Disclosure Act of 1978. It aims to remove the cap on civil penalties for foreign entities that fail to properly disclose their agricultural land investments...

    Simple Explanation

    The Farmland Security Act of 2025 wants to make sure that foreign businesses must tell the U.S. government when they buy farmland, and if they don't, they can be fined a lot. The bill also plans to spend money on checking up on these rules and training people to spot any hidden foreign ownership of farmlands.