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Senate committee adopts substitute to bar certain ‘foreign adversaries’ from buying protected Ohio property
Summary
The Senate General Government Committee adopted a substitute to Senate Bill 88, the Ohio Property Protection Act, adding a disclosure and a prohibition that would bar purchases of certain protected property by persons or entities connected to countries the secretary of state designates as threats.
The Senate General Government Committee on March 18 adopted a substitute to Senate Bill 88, the Ohio Property Protection Act, adding a prohibition and a disclosure about purchases of certain "protected property" by persons or organizations tied to countries the secretary of state deems a threat to agricultural production, critical infrastructure, security or the military defense of Ohio or the United States.
The substitute, moved and adopted without objection, would also state that a brokerage has no duty to determine whether a purchaser or seller is subject to that prohibition. Committee members then heard proponent testimony focused…
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