Reports

(a) Report from the Secretary on foreign ownership of agricultural land in the United States (1) In general Not later than 1 year after the date of enactment of this Act, and once every 2 years thereafter, the Secretary shall submit to Congress a report describing— (A) the risks and benefits, as determined by the Secretary, that are associated with foreign ownership or lease of agricultural land in rural areas (as defined in section 520 of the Housing Act of 1949 (42 U.S.C. 1490)); (B) the intended and unintended misrepresentation of foreign land ownership in the annual reports prepared by the Secretary describing foreign holdings of agricultural land due to inaccurate reporting of foreign holdings of agricultural land; (C) the specific work that the Secretary has undertaken to monitor erroneous reporting required by the Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3501 et seq.) that would result in a violation or civil penalty; and (D) the role of State and local government authorities in tracking foreign ownership of agricultural land in the United States. (2) Protection of information In carrying out paragraph (1), the Secretary shall establish a plan to ensure the protection of personally identifiable information. (b) Report from the Director of National Intelligence on foreign ownership of agricultural land in the United States (1) In general Not later than 1 year after the date of enactment of this Act, and once every 2 years thereafter, the Director of National Intelligence shall submit to the congressional recipients described in paragraph (2) a report describing— (A) an analysis of foreign malign influence (as defined in section 119C(e) of the National Security Act of 1947 (50 U.S.C. 3059(e))) by covered persons that have foreign ownership in the United States agriculture industry; and (B) the primary motives, as determined by the Director of National Intelligence, of foreign investors to acquire agricultural land. (2) Congressional recipients described The report under paragraph (1) shall be submitted to— (A) the Committee on Banking, Housing, and Urban Affairs of the Senate; (B) the Committee on Agriculture, Nutrition, and Forestry of the Senate; (C) the Select Committee on Intelligence of the Senate; (D) the Committee on Foreign Relations of the Senate; (E) the Committee on Financial Services of the House of Representatives; (F) the Committee on Agriculture of the House of Representatives; (G) the Permanent Select Committee on Intelligence of the House of Representatives; (H) the Committee on Foreign Affairs of the House of Representatives; (I) the majority leader of the Senate; (J) the minority leader of the Senate; (K) the Speaker of the House of Representatives; and (L) the minority leader of the House of Representatives. (3) Classification The report under paragraph (1) shall be submitted in an unclassified form, but may include a classified annex. (c) Government Accountability Office report Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall submit to Congress a report describing— (1) a review of resources, staffing, and expertise for carrying out the Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3501 et seq.), and enforcement issues limiting the effectiveness of that Act; and (2) any recommended necessary changes to that Act.