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Legislature adopts technical fixes to foreign‑owned land law, clarifies that Native American tribes are not foreign entities
Summary
Senators adopted committee and floor amendments to LB7, updating federal citations, expanding a CFIUS safe harbor, and adding a legislative notice requirement for court-ordered divestments; the bill advanced to E & R initial.
Senator DeKay introduced LB7 as a technical cleanup to last year’s foreign‑owned real estate statutes, saying the bill updates federal citations, clarifies definitions and broadens limited safe‑harbor language while ensuring Native American tribes are not treated as foreign governments.
The measure, described by sponsor Senator DeKay as a set of clarifications to LB13‑01 and LB1120, would: (1) define “foreign corporation” and tighten the definition of “nonresident alien,” (2) update the federal citations used to identify foreign adversaries, (3) expand a safe harbor to include properties for which the Committee on Foreign…
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