Bill 119 HR 1920, also known as the Agricultural Foreign Investment Disclosure Act of 1978, aims to enhance the monitoring and regulation of foreign investment in the US agricultural sector. The bill seeks to address concerns about the potential risks and implications of foreign ownership and control of American agricultural assets.
The proposed legislation includes provisions to strengthen oversight and transparency in foreign investments in the agricultural industry. This includes requiring foreign investors to disclose detailed information about their investments, such as the nature of the investment, the source of funding, and the ultimate beneficial owners.
Additionally, the bill aims to enhance the review process for foreign investments in the agricultural sector, ensuring that potential risks to national security, food security, and the environment are thoroughly assessed. The legislation also includes measures to improve coordination between federal agencies involved in reviewing foreign investments in agriculture.
Overall, Bill 119 HR 1920 seeks to strike a balance between promoting foreign investment in the US agricultural industry while safeguarding national interests and ensuring the long-term sustainability of American agriculture.