Requires people and entities that are foreign to the United States to report any ownership interest of 1% or more in U.S. agricultural land, strengthens federal validation and enforcement of those reports, and directs USDA and related agencies to share data with national security reviewers, update procedures, and plan an electronic filing system. Agencies must update guidance, enter memoranda of understanding for information sharing (including with CFIUS), and meet several one-year and ten-year deadlines for implementation and reporting.