H.R. 8722 — To require the Secretary of Agriculture to enter into a memoranda of understanding with CFIUS with respect to reports under AFIDA and to update the AFIDA handbook.

This section directs the Secretary of Agriculture to enter into one or more memoranda of understanding with the Committee on Foreign Investment in the United States within 1 year of enactment to share all relevant information from reports on foreign ownership of United States agricultural land submitted under section 2 of the Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3501), including the identity of foreign persons and submission dates. This section also requires the Secretary to update the Farm Service Agency handbook titled “Foreign Investment Disclosure” within 2 years of enactment by incorporating recommendations from the Government Accountability Office report titled “Foreign Investments in U.S. Agricultural Land: Enhancing Efforts to Collect, Track, and Share Key Information Could Better Identify National Security Risks” and dated January 18, 2024, and to update the handbook every 10 years thereafter, incorporating any subsequent Government Accountability Office recommendations.