An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA)

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

Civil penalty

A financial fine imposed by a government agency for a violation of a law, not considered a criminal punishment.

Due diligence

Reasonable steps taken by a person or company to avoid harming other persons or property, or to verify facts before entering into an agreement or a transaction.

Foreign entities of concern

Foreign individuals, companies, or governments identified by the U.S. government as potentially posing a national security risk or engaging in malign activities.

Covered foreign country

Specific countries identified in the bill (People's Republic of China, Russian Federation, state sponsors of terrorism, or others designated by relevant U.S. Secretaries) whose agricultural land purchasing activities require special reporting.

Intellectual property theft

The act of stealing or unlawfully using inventions, literary works, designs, symbols, names, and images, often protected by patents, copyrights, or trademarks.