Prohibits the sale or lease of agricultural and forest property and real property on or within ten miles of any military installation or critical infrastructure facility in the state to foreign countries of concern and foreign principals.
Impact
If enacted, S08722 would significantly alter the landscape of real estate transactions in New York. It would prevent foreign entities from acquiring land and property that are crucial for food production and military readiness. This move supports the broader objective of safeguarding national interests by limiting foreign control of strategic resources and locations. The bill has the potential to reinforce state laws regarding property ownership and control, ensuring that such holdings remain in American hands, especially in sensitive areas.
Summary
Bill S08722 proposes amendments to the real property law in New York to prohibit the sale or lease of certain types of real estate to foreign countries deemed as threats to national security, specifically China, Iran, North Korea, and Russia. This bill aims to address concerns regarding the ownership of key assets and resources within the state by foreign entities that may pose a risk to the safety and security of the United States. The proposed legislation encompasses both agricultural and forest properties, as well as real estate located within a ten-mile radius of military installations and critical infrastructure facilities.
Contention
There are notable points of contention regarding S08722. Supporters argue that the bill is a necessary step for protecting national security and ensuring that sensitive lands and properties remain under U.S. control. They emphasize the importance of preventing foreign infiltration in key sectors. However, critics may view the bill as a restrictive measure that could hinder foreign investment in New York, potentially impacting economic growth and international relations. There may also be concerns regarding property rights and the implications for businesses that may rely on foreign partnerships for investment.
Property and critical infrastructure; creating the Military Installation and Critical Infrastructure Protection Act of 2026; prohibiting foreign principals from foreign countries from owning, having an interest in, or acquiring agricultural land. Effective date.
Enacting the Kansas land and military installation protection act to prohibit foreign principals from countries of concern from acquiring any interest in certain real property in this state.
An Act Prohibiting The Ownership, Possession Or Acquisition Of Interests In Real Property Upon Or Abutting Military Installations Or Agricultural Lands By Certain Foreign Entities.
House Substitute for SB 9 by Committee on Commerce, Labor and Economic Development - Prohibiting foreign principals from acquiring interests in real estate in proximity to military installations, state agencies and local government from purchasing drones or critical components of drones from foreign principals or that are manufactured in countries of concern and foreign principals from receiving benefits from economic development programs.
To Prevent A Foreign-party-controlled Business From Leasing Land; And To Prohibit A Prohibited Foreign Party From Holding An Interest In Real Property Or Agricultural Land In Certain Circumstances.
Relative to restrictions on acquisition of ownership, controlling, and occupancy interests in real property by certain foreign principals on or around certain military installations, and criminal penalties and civil forfeiture procedures for illegal acquisition.
Relative to restrictions on acquisition of ownership, controlling, and occupancy interests in real property by certain foreign principals on or around certain military installations, and criminal penalties and civil forfeiture procedures for illegal acquisition.
The powers of a board of county commissioners, a board of city commissioners, and a city council regarding development by a foreign country of concern or foreign organization of concern, prohibiting ownership of real property by a foreign country of concern or a foreign organization of concern; and to provide a penalty.