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Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA)

A federal law that requires foreign persons who acquire, dispose of, or hold interests in U.S. agricultural land to report these transactions and holdings to the Secretary of Agriculture.

Strategic Competitors

Foreign countries or entities that are identified as posing economic or national security challenges to the United States.

Foreign Entities of Concern

A term referring to foreign governments or companies that may pose a threat to U.S. national security or economic interests, as defined in existing law.

Due Diligence

A reasonable level of care taken by a person or company to investigate a transaction or agreement before entering into it, to avoid harming another party or themselves.

Intellectual Property Theft

The unlawful acquisition, copying, or use of creations of the mind, such as inventions, literary and artistic works, designs, and symbols, without permission from the owner.

Civil Penalty

A monetary fine imposed by a government agency for a violation of a law or regulation, which is not considered a criminal punishment.