Bill > HB1546

This bill amends Oklahoma's existing law regarding alien land ownership, introducing several key provisions to restrict land acquisition by foreign entities. The bill expands definitions of terms like "foreign government adversary" to explicitly include China, Iran, North Korea, and Russia, and introduces new terms such as "foreign principal" and "critical infrastructure facility". It prohibits aliens, non-U.S. citizens, and foreign government adversaries from acquiring land in Oklahoma, either directly or through business entities, trusts, or enterprises, with some exceptions for businesses engaged in interstate commerce or holding national security agreements. The bill requires all land deeds to include a notarized affidavit confirming compliance with these restrictions, with specific exemptions for certain types of property transfers. Importantly, the bill adds a new provision preventing foreign principals from acquiring agricultural and forestry property or real property within 200 miles of military installations or critical infrastructure facilities. The definitions are comprehensive, covering various types of property and entities, and the bill provides detailed guidance for county clerks and the Attorney General on implementing these restrictions. The law is set to become effective on November 1, 2025, giving time for stakeholders to understand and prepare for the new regulations.

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http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1546&Session=2600