Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Agriculture Foreign Investment topic
No spam. Unsubscribe anytime.
Committee advances bill requiring foreign agricultural investors to file copies with state agriculture commissioner
Summary
House Bill 219 would require entities and foreign persons who file reports under the federal Agriculture Foreign Investment Disclosure Act of 1978 to also file a copy with the state agriculture commissioner; committee advanced the bill after adding technical drafting corrections.
Chairman Reedy told the City-County Subcommittee House Bill 219 would require foreign persons, businesses and governments that report to the U.S. Department of Agriculture under the Agriculture Foreign Investment Disclosure Act of 1978 to also file a copy with the state commissioner of agriculture. The bill would direct the commissioner to notify the attorney general’s office of noncompliance.
A technical correction (amendment 3805) was adopted to authorize the attorney general to seek and collect a civil penalty up to 25 percent for violations; the amendment was described as a drafting fix by the sponsor. The clerk reported 5 ayes and 0 noes; the ayes prevailed and HB 219 as amended moves to the next available calendar of state and local government.
The committee’s action imposes an additional state-level filing requirement tied to an existing federal disclosure regime and requires state-level enforcement notification to the attorney general’s office.
