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Bill

A 1452

Prohibits the acquisition of real property by foreign countries and entities of particular concern

2025 Regular Session Introduced by Andrea Bailey and 21 co-sponsors

Bill A 1452 prohibits foreign countries and specific entities from acquiring real estate, protecting U.S. interests and national security by keeping property under domestic control.

REFERRED TO JUDICIARY
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WeVote Research Nonpartisan
Bill Summary · A 1452

Summary of Bill A 1452

Bill Overview

  • Bill Number: A 1452
  • Title: Prohibits the acquisition of real property by foreign countries and entities of particular concern
  • Status: Referred to Judiciary
  • Introduced: January 09, 2025
  • Classification: Bill

Purpose and Intent

Bill A 1452 aims to restrict the acquisition of real estate within the jurisdiction by foreign countries and specific entities deemed to pose a national security risk. The intent behind this legislation is to safeguard domestic interests and ensure that critical infrastructure and resources remain under the control of U.S. citizens and entities.

Key Provisions

  • Prohibition on Acquisition: The bill explicitly prohibits foreign countries and certain entities from purchasing or leasing real property within the state.
  • Definition of Entities of Concern: The bill outlines criteria for identifying which foreign entities are considered a concern, likely including those with ties to nations that have been flagged for espionage or other national security threats.
  • Enforcement Mechanisms: The legislation may include provisions for monitoring and enforcement to ensure compliance, although specific details on enforcement mechanisms are not provided in the current version.

Affected Parties

  • Foreign Entities: Companies and governments from foreign nations that wish to acquire real estate in the state will be directly impacted by this bill.
  • Real Estate Market: The bill may affect the real estate market dynamics, particularly in areas where foreign investment has been significant.
  • National Security Agencies: Agencies responsible for monitoring foreign investments and national security will likely play a role in the implementation and enforcement of this legislation.

Procedural Aspects

  • Current Status: As of January 09, 2025, the bill has been referred to the Judiciary Committee for further consideration.
  • Related Legislation:
    • A 5301: A prior-session bill that may have addressed similar issues.
    • S 5651: A companion bill in the Senate that could provide additional context or support for the measures proposed in A 1452.

Conclusion

Bill A 1452 represents a significant legislative effort to control foreign ownership of real property, reflecting growing concerns about national security and economic sovereignty. As it moves through the legislative process, stakeholders in the real estate market and foreign entities will be closely monitoring its developments.

Compiled from official sources — confirm details with the bill’s official record.

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