Sec. 5. Disclosure requirements for foreign agricultural real estate holdings
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Section 2(a) of the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3501(a) ) is amended— in the first sentence of the matter preceding paragraph (1)— by inserting , or enters into a leasing agreement the period of which is longer than 5 years with respect to agricultural land, after agricultural land ; and by striking acquisition or transfer and inserting acquisition, transfer, or lease ; and in paragraph (4), by striking acquired or transferred and inserting acquired, transferred, or leased .
Section 9(1) of the Agricultural Foreign Investment Disclosure Act of 1978 ( 7 U.S.C. 3508(1) ) is amended by inserting , subject to the condition that the Secretary may not exclude land from this definition based on the acreage of the land before the semicolon at the end.
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