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1 1 (July 28, 2023)

handle is hein.crs/govemio0001 and id is 1 raw text is: Congressional 'a Research S rvice Snforrning the Ieg Isltive deb te since 1914 - (a e: State Regulation of Foreign Ownership of U.S. Land: January to June 2023 July 28, 2023 State and federal lawmakers have expressed interest in legislative options to address the potential national security and economic implications of foreign ownership of U.S. land. During the first six months of 2023, at least 15 states enacted legislation regulating foreign ownership of real property. A group of plaintiffs filed a legal challenge to one state law-Florida's Senate Bill 264 (SB 264)-arguing that it violates their constitutional rights, does not comport with the federal Fair Housing Act, and is preempted by federal law. This Sidebar (1) outlines the recent state legislation on foreign ownership of real property; (2) discusses SB 264 and the lawsuit challenging it; and (3) examines considerations for Congress. Many State Legislatures Enacted or Proposed Laws Regulating Foreign Ownership of U.S. Land in 2023 Between January and June 2023, Alabama, Arkansas, Florida, Idaho, Indiana, Louisiana, Mississippi, Montana, North Dakota (HB 1135 and SB 2371), Oklahoma, South Dakota, Tennessee, Utah, West Virginia, and Virginia enacted legislation regulating foreign ownership of U.S. land. During this same period, state lawmakers introduced bills in more than 20 other states that would regulate or restrict foreign ownership of real property if enacted. Congressional Research Service https://crsreports.congress.gov LSB11013 CRS Legal Sidebar Prepared for Members and Committees of Congress -

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