Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Nebraska senator advances technical fixes to foreign‑owned real‑estate law, clarifies tribal and federal references
Summary
Sen. Barry DeKay introduced LB7 to tidy last year’s foreign‑owned real estate law: it clarifies that federally recognized tribes are not treated as foreign governments, updates federal regulation citations (15 CFR 791.4), adds CFIUS references for exemptions and would notify the Legislature of court‑ordered divestments; tribal and farm groups supported the clarifications.
Senator Barry DeKay (chair, Agriculture Committee) introduced LB7 as a technical cleanup to last year’s Foreign Owned Real Estate National Security Act and related bills. He told the committee the bill “does 4 things,” including explicitly defining Native American tribes so they are not treated as foreign governments, updating federal regulation citations to reflect a moved rule (now cited as 15 CFR 791.4), adding precision around Committee on Foreign Investment in the United States (CFIUS)‑reviewed exemptions, and requiring legislative notice when a court orders divestment under the act.
Supporters from Nebraska tribes, farm groups…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
