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Senate committee amends and advances bill restricting certain foreign ownership of West Virginia real estate
Summary
The committee amended House Bill 2961 to narrow the definition of the People’s Republic of China, set a multi-member process for identifying hostile foreign entities and clarify how sale proceeds are distributed; the committee then voted to report the bill to the full Senate with a recommendation that it pass.
The Senate committee advanced House Bill 2961 on a voice vote after adopting several amendments that changed who can designate a foreign government entity or individual as hostile and how proceeds from forced sales of covered property would be distributed.
The bill concerns foreign ownership of real estate and mineral interests; committee counsel summarized the measure as applying explicitly to the People's Republic of China and entities “working with the People's Republic of China.”
Committee debate centered on three changes that were added as amendments. First, the committee adopted language clarifying that “People's Republic of China” includes mainland provinces and the Hong Kong and Macau special administrative regions but “does not include Taiwan.” Second, the panel replaced a drafting that would…
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