HF 83: Prohibiting foreign governments from acquiring or owning real property or agricultural land located in the state

What it does

This bill prohibits foreign governments from acquiring real property, or an interest in real property, located in the state by grant, purchase, devise, or descent on or after the effective date of the bill. Under current law, except for agricultural land, foreign governments may acquire real property. The bill provides for divestment of real property or interests in real property currently owned or acquired by foreign governments within two years of the effective date of the bill. agricultural land of a certain size or for certain purposes.

In plain words

1. January 17, 2025Filed in the House and sent to the Judiciary committee