Agricultural Foreign Investment Disclosure Act of 1978

[AI summary unavailable — showing source text] Agricultural Foreign Investment Information Act - Requires a report to the Secretary of Agriculture containing legal name, address, citizenship, type of interest, legal description of the land involved, and other specified information, from any foreign person (including individuals, organizations, governments, or any combination thereof) who holds, acquires, transfers, or accepts transference of any interest, other than a security interest, in agricultural land. Directs the Secretary: (1) to develop and distribute a standard report form to facilitate automated data processing, analysis, and reporting of the information gathered; (2) to analyze such information to determine the trends and the actual and potential effects that the acquisition, transferring, and holding of agricultural lands in the United States by foreign persons have on the agricultural industry, the national economy, and the foreign relations of the United States; and (3) to report his findings and conclusions to the President and to the appropriate committees of Congress. Requires the Office of Inspector General to conduct periodic studies to determine the reliability of information gathered pursuant to this Act. …