Prohibits ownership of real property in State by adverse foreign governments and certain associated persons.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
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 mitigate potential security risks posed by foreign adversaries seeking to acquire strategic assets within the state. It also establishes penalties for violations and requires the state attorney general to create implementing regulations.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
Douglas Steinhardt
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