A 4385
Prohibits ownership of real property in State by adverse foreign governments and certain associated persons.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill prohibits foreign governments and certain associated persons, specifically those listed as threats to U.S. national security (including China, Russia, Iran, and North Korea), from owning real property in New Jersey. It allows existing owners a five-year period to sell the property to a non-prohibited entity. The bill aims to safeguard the state’s critical infrastructure and economic security by limiting foreign influence over real estate holdings. It also establishes penalties for violations.
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Primary sponsor
Alex Sauickie
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