Bill > HB897

This bill establishes new restrictions on foreign ownership of real estate and development agreements in Missouri, specifically targeting what the bill defines as "foreign adversaries" (as identified in a federal regulation). The legislation prohibits political subdivisions from entering into development agreements or approving building plans with individuals or governments classified as foreign adversaries. Additionally, the bill prevents foreign governments or business entities from foreign adversary countries from purchasing or acquiring real property in Missouri. However, the bill provides exceptions for foreign entities that: have been registered and in good standing with the Missouri Secretary of State 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. A "foreign adversary" is specifically defined by referencing the Code of Federal Regulations (15 CFR 7.4(a)), which typically includes countries like China, Russia, Iran, and North Korea. The bill aims to limit potential national security risks by restricting real estate transactions and development opportunities for entities from countries considered potential threats to U.S. interests.

Business and Industry, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB897&year=2025&code=R