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Bill > H3408


SC H3408

SC H3408
Foreign ownership of real estate


summary

Introduced
01/14/2025
In Committee
04/22/2026
Crossed Over
04/22/2026
Passed
Dead

Introduced Session

126th General Assembly

Bill Summary

Amend The South Carolina Code Of Laws By Adding Section 27-1-80 So As To Provide That Certain Companies Owned, In Whole Or In Part, By Any United States-declared Foreign Adversary May Not Own, Lease, Possess, Or Exercise Any Control Over Any Real Estate In This State And To Provide That Fraudulent Transactions Are Void.

AI Summary

This bill, effective July 1, 2026, prohibits any company owned in whole or in part by a "foreign adversary"—defined as a foreign government or person deemed by the U.S. Secretary of Commerce to be a threat to national security—from owning, leasing, possessing, or controlling any agricultural land in South Carolina. Agricultural land is broadly defined as real estate used for farming, including crops, livestock, and forestry. Any acquisition of such land by a foreign adversary is declared void, with ownership automatically transferring to the State of South Carolina without compensation to the foreign adversary, who is also barred from seeking reimbursement for any purchase price. However, if the land is subsequently sold to a non-foreign adversary, that sale is considered valid. The bill also outlines legal actions that can be taken to enforce these provisions, such as ejectment or quieting title, and clarifies that these restrictions will not conflict with any U.S. treaties.

Committee Categories

Justice

Sponsors (20)

Last Action

Referred to Committee on Judiciary (on 04/22/2026)

bill text


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