Bill > SB1049

This bill creates new restrictions on foreign ownership and involvement in real estate and development projects in Missouri, specifically targeting entities from countries classified as "foreign adversaries" as defined by federal regulations. The legislation prohibits political subdivisions from entering into development agreements or approving building plans with foreign adversaries and restricts foreign governments and certain foreign business entities from purchasing or acquiring real property in the state. However, the bill provides exceptions for foreign entities that have been registered 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. The term "foreign adversary" is specifically defined by referencing the Code of Federal Regulations (15 CFR 7.4(a)), which would typically include countries like China, Russia, Iran, North Korea, and others deemed to pose national security risks. These provisions aim to protect state interests by limiting real estate transactions and development opportunities for potentially problematic foreign entities while maintaining a pathway for well-established and vetted international businesses to continue operating in Missouri.

Agriculture and Natural Resources

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=134