Bill > HB3340

This bill establishes a comprehensive framework to restrict foreign adversaries from acquiring farmland and forest lands in Oregon. The Attorney General is required to create and maintain a list of foreign adversaries who are ineligible to purchase such properties, drawing from existing federal lists of sanctioned entities, including those identified by the Department of Commerce, State Department, and Treasury's Office of Foreign Assets Control. Any deed, sales agreement, or instrument conveying land zoned or used for farming or forestry to a listed foreign adversary or an entity substantially controlled by such an adversary will be automatically void. The bill prevents these entities from claiming restitution or profiting from such voided transactions. Additionally, the State Department of Agriculture must produce an annual report detailing foreign ownership of agricultural lands, including total foreign-owned acreage, ownership trends over the past decade, land use purposes, and potential policy recommendations. The bill will take effect 91 days after the 2025 legislative session adjourns, with the first annual report to be prepared for calendar years beginning January 1, 2026. Entities added to the foreign adversary list can appeal their designation, and the Attorney General has broad powers to enforce the restrictions and nullify inappropriate land transfers.

Military Affairs and Security

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB3340