Sec. 5. Clarification of foreign person definition
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/bill/116/hr/8522/ih/section-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 9(3)(C)(ii) of the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3508(3)(C)(ii) ) is amended, in the matter preceding subclause (I), by striking a significant interest or substantial control and inserting not less than 25-percent interest or not less than 25-percent control . The amendment made by subsection
(a)shall apply beginning with the first report submitted under section 2 of the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3501 ) after the date of the enactment of this Act.
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