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Legislators track bills tightening restrictions on foreign ownership and development agreements
Summary
Staff flagged measures that would lower ownership thresholds for prohibited foreign investments and would bar development agreements with parties listed as foreign adversaries; committee resources and vetting requirements were discussed.
Legislative staff reviewed two related strands of legislation that would tighten state controls on foreign investment in land and on development agreements with entities identified as foreign adversaries.
One tracking note in the briefing described a bill that would reduce the ownership threshold for prohibited foreign investments in agricultural land and development from 50% to 25%; the tracking sheet did not identify a specific bill number for that description.…
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