Bill > SB649

This bill creates new provisions in Missouri law related to foreign ownership of real estate. Specifically, it prohibits political subdivisions from entering into development agreements, building plans, or other proposals with individuals or governments identified as "foreign adversaries" under federal regulations. It also prohibits certain foreign governments and business entities from purchasing or holding title to real property in the state, with some exceptions for long-standing registered businesses, entities approved by the Committee on Foreign Investment, and those with active national security agreements with the federal government. The bill defines "foreign adversary" based on the federal regulations.