Bill > SB3040

This bill, titled the Foreign Countries of Concern Act, establishes several prohibitions and restrictions concerning entities associated with designated foreign countries of concern, which include the People's Republic of China, the Russian Federation, the Islamic Republic of Iran, the Democratic People's Republic of Korea, the Republic of Cuba, Venezuela, and the Syrian Arab Republic. Specifically, it prohibits governmental entities from entering into contracts that would grant these prohibited entities access to an individual's personal identifying information, and requires affidavits to attest to compliance. The bill also prevents certain entities from receiving economic incentives from the state or its political subdivisions, and prohibits prohibited entities from owning interests in agricultural land, or land on or around military installations or critical infrastructure facilities, which are defined as key facilities like chemical plants, refineries, power plants, and airports. Furthermore, it specifically prohibits the People's Republic of China, the Chinese Communist Party, and related entities from purchasing or acquiring any interest in real property within the state, with limited exceptions for residential property for individuals with specific visas or asylum status, and for property acquired through inheritance or debt collection that must be divested within three years. The bill also makes conforming changes to the Property Owned By Noncitizens Act to acknowledge these new restrictions.

https://www.ilga.gov/Legislation/BillStatus?DocNum=3040&GAID=18&DocTypeID=SB&SessionID=114&GA=104