§ 3501. Reporting requirements
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/usc/title-7/section-3501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Acquisitions or transfers of certain agricultural land interests by foreign persons Any foreign person who acquires or transfers any interest, other than a security interest, in agricultural land shall submit a report to the Secretary of Agriculture not later than 90 days after the date of such acquisition or transfer. Such report shall be submitted in such form and in accordance with such procedures as the Secretary may require and shall contain—
(1)the legal name and the address of such foreign person;
(2)in any case in which such foreign person is an individual, the citizenship of such foreign person;
(3)in any case in which such foreign person is not an individual or a government, the nature of the legal entity holding the interest, the country in which such foreign person is created or organized, and the principal place of business of such foreign person;
(4)the type of interest in agricultural land which such foreign person acquired or transferred;
(5)the legal description and acreage of such agricultural land;
(6)the purchase price paid for, or any other consideration given for, such interest;
(7)in any case in which such foreign person transfers such interest, the legal name and the address of the person to whom such interest is transferred and—
(A)in any case in which such transferee is an individual, the citizenship of such transferee; and
(B)in any case in which such transferee is not an individual or a government, the nature of the legal entity holding the interest, the country in which such transferee is created or organized, and the principal place of business of such transferee;
(8)the agricultural purposes for which such foreign person intends, on the date on which such report is submitted to the Secretary, to use such agricultural land; and
(9)such other information as the Secretary may require by regulation.
(b)Agricultural land interests presently held by foreign persons Any foreign person who holds any interest, other than a security interest, in agricultural land on the day before the effective date of this section shall submit a report to the Secretary not later than 180 days after such effective date. Such report shall be submitted in such form and in accordance with such procedures as the Secretary may require and shall contain—
(1)the legal name and the address of such foreign person;
(2)in any case in which such foreign person is an individual, the citizenship of such foreign person;
(3)in any case in which such foreign person is not an individual or a government, the nature of the legal entity holding the interest, the country in which such foreign person is created or organized, and the principal place of business of such foreign person;
(4)the type of interest in agricultural land which is held by such foreign person;
(5)the legal description and acreage of such agricultural land;
(6)the purchase price paid for, or any other consideration given for, such interest;
(7)the agricultural purposes for which such foreign person—
(A)is using such agricultural land on the date on which such report is submitted to the Secretary; and
(B)intends, as of such date, to use such agricultural land; and
(8)such other information as the Secretary may require by regulation.
(c)Change in foreign person status of interest holders Any person who holds or acquires (on or after the effective date of this section) any interest, other than a security interest, in agricultural land at a time when such person is not a foreign person and who subsequently becomes a foreign person shall submit a report to the Secretary not later than 90 days after the date on which such person becomes a foreign person. Such report shall be submitted in such form and in accordance with such procedures as the Secretary may require and shall contain the information required by subsection
(b)of this section. This subsection shall not apply with respect to any person who is required to submit a report with respect to such land under subsection
(b)of this section.
(d)Conversion of land to agricultural uses Any foreign person who holds or acquires (on or after the effective date of this section) any interest, other than a security interest, in land at a time when such land is not agricultural land and such land subsequently becomes agricultural land shall submit a report to the Secretary not later than 90 days after the date on which such land becomes agricultural land. Such report shall be submitted in such form and in accordance with such procedures as the Secretary may require and shall contain the information required by subsection
(b)of this section. This subsection shall not apply with respect to any person who is required to submit a report with respect to such land under subsection
(b)of this section.
(e)Additional reports by foreign persons other than individuals or governments With respect to any foreign person, other than an individual or a government, who is required by subsection (a), (b), (c), or
(d)of this section to submit a report, the Secretary may, in addition, require such foreign person to submit to the Secretary a report containing—
(A)the legal name and the address of each person who holds any interest in such foreign person;
(B)in any case in which the holder of such interest is an individual, the citizenship of such holder; and
(C)in any case in which the holder of such interest is not an individual or a government, the nature of the legal entity holding the interest, the country in which such holder is created or organized, and the principal place of business of such holder.
(f)Persons holding interests under subsection
(e)With respect to any person, other than an individual or a government, whose legal name is contained in any report submitted under subsection
(e)of the section, the Secretary may require such person to submit to the Secretary a report containing—
(A)the legal name and the address of any person who holds any interest in the person submitting the report under this subsection;
(B)in any case in which the holder of such interest is an individual, the citizenship of such holder; and
(C)in any case in which the holder of such interest is not an individual or a government, the nature of the legal entity holding the interest, the country in which such holder is created or organized, and the principle 1 place of business of such holder.
(Pub. L. 95–460, § 2, Oct. 14, 1978, 92 Stat. 1263.)
Connections141 cite this · traces to 3
Cited by 141 sections · top 60
public-private-law
U.S. Code
statutes-at-large
- Public Law 101–533To augment and improve the quality of international data compiled by the Bureau of Economic Analysis under the International Investment and Trade in Services Survey Act by allowing that agency to share statistical establishment list information compiled by the Bureau of the Census, and for other pur
- Public Law 95–460To require foreign persons who acquire, transfer, or hold interests in agricultural land to report such transactions and holdings to the Secretary of Agriculture and to direct the Secretary to analyze information contained in such reports and determine the effects such transactions and holdings have
- Public Law 117–328Making consolidated appropriations for the fiscal year ending September 30, 2023, and for providing emergency assistance for the situation in Ukraine, and for other purposes
statute-compilations
- Sec. 742**[**[7 U.S.C. 3501 note](/us/usc/t7/s3501)**]**
- Sec. 2reporting requirements
- Sec. 1short title
- Sec. 10effective dates
- Sec. 787The Secretary of Agriculture shall be included as a member of the Committee on Foreign Investment in the United States (CFIUS) on a case by case basis pursuant to the authorities in section 721(k)(2)(J) of the Defense Production Act of 1950 (50 U.S.C. 4565(k)(2)(J)) with respect to each covered transaction (as defined in section 721(a)(4) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(4))) involving agricultural land, agriculture biotechnology, or the agriculture industry (including agricultural transportation, agricultural storage, and agricultural processing), as determined by the CFIUS Chairperson in coordination with the Secretary of Agriculture. The Secretary of Agriculture shall, to the maximum extent practicable, notify the Committee on Foreign Investment in the United States of any agricultural land transaction that the Secretary of Agriculture has reason to believe, based on information from or in cooperation with the Intelligence Community, is a covered transaction (A) that may pose a risk to the national security of the United States, with particular emphasis on covered transactions of an interest in agricultural land by foreign governments or entities of concern, as defined in 42 U.S.C. 19221(a), including the People’s Republic of China, the Democratic People’s Republic of Korea, the Russian Federation, and the Islamic Republic of Iran; and (B) with respect to which a person is required to submit a report to the Secretary of Agriculture under section 2(a) of the Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3501(a)): * Provided,* That there is hereby appropriated $2,000,000, to remain available until expended, in addition to amounts otherwise provided for such purpose, to carry out this section.
- Sec. 739The Secretary of Agriculture shall be included as a member of the Committee on Foreign Investment in the United States (CFIUS) on a case by case basis pursuant to the authorities in section 721(k)(2)(J) of the Defense Production Act of 1950 (50 U.S.C. 4565(k)(2)(J)) with respect to each covered transaction (as defined in section 721(a)(4) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(4))) involving agricultural land, agriculture biotechnology, or the agriculture industry (including agricultural transportation, agricultural storage, and agricultural processing), as determined by the CFIUS Chairperson in coordination with the Secretary of Agriculture. The Secretary of Agriculture shall, to the maximum extent practicable, notify CFIUS of any agricultural land transaction that the Secretary of Agriculture has reason to believe, based on information from or in cooperation with the Intelligence Community, is a covered transaction (A) that may pose a risk to the national security of the United States, with particular emphasis on covered transactions of an interest in agricultural land by foreign governments or entities of concern, as defined in 42 U.S.C. 19221(a), including the People’s Republic of China, the Democratic People’s Republic of Korea, the Russian Federation, and the Islamic Republic of Iran; and (B) with respect to which a person is required to submit a report to the Secretary of Agriculture under section 2(a) of the Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3501(a)).
bill
- Sec. 2Annual reports to the Secretary
- Sec. 5Clarification of foreign person definition
- Sec. 150002Annual reports
- Sec. 150003Reports to Congress
- Sec. 150002Annual reports
- Sec. 150003Reports to Congress
- Sec. 2Requirements relating to certain agricultural land transactions
- Sec. 5Disclosure requirements for foreign agricultural real estate holdings
- Sec. 4Prohibition on participation in Department of Agriculture programs by persons associated with certain foreign governments
- Sec. 5Agricultural foreign investment disclosure
- Sec. 6Reports
- Sec. 2Restricting the purchase of agricultural land by foreign persons
- Sec. 4Investigative actions
- Sec. 6Digitization and consolidation of foreign land ownership data
- Sec. 7Prohibition of participation in Farm Service Agency programs by foreign persons
- Sec. 2Improving agricultural foreign investment disclosure
- Sec. 6Disclosure requirements for foreign agricultural real estate holdings
- Sec. 4Investigative actions
- Sec. 6Digitization and consolidation of foreign land ownership data
- Sec. 7Prohibition of participation in Farm Service Agency programs by foreign persons
- Sec. 2Improving agricultural foreign investment disclosure
- Sec. 4Prohibition on participation in Department of Agriculture programs by persons associated with certain foreign governments
- Sec. 5Agricultural foreign investment disclosure
- Sec. 6Reports
- Sec. 787
- Sec. 787
- Sec. 2Reporting; enforcement
- Sec. 3Agricultural foreign investment disclosure improvements
- Sec. 235Prohibition on participation in Department of Agriculture programs by persons associated with certain foreign governments
- Sec. 236Agricultural foreign investment disclosure
- Sec. 237Reports
- Sec. 12301Agricultural foreign investment disclosure improvements
- Sec. 12304Digitization and consolidation of foreign land ownership data collection and publication
- Sec. 766
- Sec. 2Inclusion of Secretary of Agriculture on Committee on Foreign Investment in United States and notification requirement for particular covered transaction
- Sec. 787
- Sec. 2Reporting; enforcement
- Sec. 3Agricultural foreign investment disclosure improvements
- Sec. 432Study on threat posed by foreign investment in United States agricultural land
- Sec. 2Inclusion of Secretary of Agriculture on Committee on Foreign Investment in United States and consideration of certain agricultural land transactions
- Sec. 12401Amendments to the Agricultural Foreign Investment Disclosure Act of 1978
Traces to 3 documents
public-private-law
11 references not yet in our index
- 1
- Pub. L. 95–460, § 2
- 92 Stat. 1263
- section 10(b) of Pub. L. 95–460
- Pub. L. 95–460, § 10
- 92 Stat. 1267
- Pub. L. 95–460, § 1
- Pub. L. 118–42, div. B, title VII, § 742
- 138 Stat. 111
- Public Law 95–460
- 136 Stat. 4509
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§ 3501
Reporting requirements
Bills×113
U.S.C.×12
Stat. Comp.×6
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Pub. L.×2
Cite1
Pub. L.Pub. L. 95–460, § 2
Stat.92 Stat. 1263
Pub. L.section 10(b) of Pub. L. 95–460
Pub. L.Pub. L. 95–460, § 10
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