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AFIDA

The Agricultural Foreign Investment Disclosure Act of 1978, a law that requires foreign persons to report their ownership or acquisition of U.S. agricultural land.

Foreign Person

An individual who is not a U.S. citizen or legal resident, or a foreign government, or a business entity that is based in a foreign country or controlled by foreign individuals or governments.

Agricultural Land

Land used for farming, ranching, timber production, or other agricultural purposes.

Security Interest

A right held by a lender to take possession of property if a borrower fails to repay a debt; not considered direct ownership for reporting purposes under this bill.

Tier of Ownership

Refers to layers of companies or entities that own each other, where the ultimate owner might be several steps removed from the actual land holding entity.

CFIUS

Committee on Foreign Investment in the United States, an inter-agency committee that reviews foreign investments in the U.S. for potential national security risks.

FPAC-BC

Farm Production and Conservation Business Center, a part of the U.S. Department of Agriculture responsible for business operations within its Farm Production and Conservation mission area.