🌾Revised Agricultural Foreign Investment Disclosure Act Information Collection
Information Collection Request; Agricultural Foreign Investment Disclosure Act
Summary
In accordance with the Paperwork Reduction Act requirement, the Farm Service Agency (FSA) is requesting comments from all interested individuals and organizations on a revision of a currently approved information collection request associated with the Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA). This revised form is the basis for the development of a streamlined process for electronic submission and retention of AFIDA disclosures, which is required by the Consolidated Appropriations Act, 2023. Foreign persons, as defined by AFIDA, who are making amendments to existing filings, or filing land or leasehold dispositions, will continue to use the existing form as those filings are on paper.
Agencies
- Agriculture Department
- Farm Service Agency
Business Impact
$$ - Med
The document discusses revisions to the Agricultural Foreign Investment Disclosure Act (AFIDA) information collection process, impacting foreign investors in U.S. agricultural land. It outlines compliance requirements for businesses regarding electronic submission and retention of disclosures, which will affect operational procedures.