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S. 5526IntroducedSenate · nowHousePresidentLawIn committee
Sec. 12205 · S. 5526

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Title XII — Miscellaneous › Subtitle B — National security

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Section 7 of the Agricultural Foreign Investment Disclosure Act of 1978 (7 U.S.C. 3506) is amended to read as follows: 7. Public disclosure of reporting data (a) In general Not later than 2 years after the date of enactment of the Agricultural Act of 2026, the Secretary shall— (1) establish a streamlined process for electronic submission and retention of reports submitted under section 3; and (2) publish in the internet database established under section 742 of division B of the Consolidated Appropriations Act, 2024 (7 U.S.C. 3501 note; Public Law 118–42), human-readable and machine-readable data sets that— (A) contain a description of— (i) the purchase or lease price paid, or any other consideration given, for each interest in agricultural land for which a report is submitted under section 3; (ii) updated estimated values of each interest in agricultural land described in subparagraph (A), as that information is made available to the Secretary, based on the most recently assessed value of the agricultural land or another comparable method determined by the Secretary; (iii) with respect to any agricultural land for which a report is submitted under section 3, updated descriptions of each foreign person that holds an interest in the agricultural land, as that information is made available to the Secretary, categorized as a majority owner or a minority owner of the agricultural land; and (iv) any other relevant information, as determined by the Secretary, relating to reporting requirements under this Act, based on each report submitted to the Secretary under section 3; and (B) as soon as practicable after 30 days after the date of receipt of a report under section 3, be updated with the data from that report. (b) Protection of information In carrying out subsection (a), the Secretary shall ensure the protection of personally identifiable information contained in reports submitted under section 3..