Government agencies are failing to track foreign land purchases adequately, GAO report finds

Published January 20, 2024 6:00am ET



The Department of Agriculture has failed to adequately and reliably provide information on foreign investments into agricultural land purchases to relevant agencies, according to a new government report.

Specifically, the authors of a new Government Accountability Office report released on Thursday concluded that USDA does not share timely information regarding foreign investments in land with the Committee on Foreign Investment in the U.S., or CFIUS, agencies, which include the Department of Defense and Department of the Treasury. CFIUS is an interagency effort that reviews certain foreign transactions to determine potential effects on U.S. national security.

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