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Committee advances foreign‑adversary land restriction bill after debate over foreclosure language
Summary
House Bill 315, aimed at restricting land purchases by foreign adversaries identified under federal regulation, passed the House Agriculture Committee amid questions from bankers about an unquantified lien in section 8; sponsor and bankers agreed to continue discussions.
The House Agriculture Committee advanced House Bill 315, a measure intended to limit certain land transactions by parties identified as foreign adversaries under federal regulation, after supporters and industry representatives debated language in section 8 related to foreclosure and cost recovery.
Representative Scott Sharp, who presented the bill, described it as a "foreign adversary land bill to minimize their ability to purchase land here in Kentucky." The bill references federal regulations listing adversarial governments; the sponsor cited "22 code of federal regulations 126.1" as the source for the countries to which the…
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