Bill > SB211

This bill creates new restrictions on foreign ownership and involvement in real estate development in Missouri by prohibiting political subdivisions from engaging in development agreements with individuals or governments identified as "foreign adversaries" as defined in federal regulations. Specifically, the bill establishes two new sections of law (67.5360 and 442.561) that prevent foreign adversaries from purchasing, holding, or acquiring real property in the state. However, the bill provides exceptions for foreign entities that have been a registered business in good standing for at least seven years, have been approved by the United States Committee on Foreign Investment, and maintain an active national security agreement with the federal government. The term "foreign adversary" is defined by referencing 15 CFR 7.4(a), which typically includes countries like China, Russia, Iran, and North Korea that are considered potential national security threats. These provisions aim to limit potential foreign influence and protect state interests by restricting real estate transactions and development agreements with entities from countries deemed adversarial to the United States.

Agriculture and Natural Resources

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=213