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Bill

SB 1023

Relating to conveyances to foreign adversaries.

2025 Regular Session Introduced by David Smith

SB 1023 prohibits property and asset transfers to foreign adversaries, establishing enforcement mechanisms to block hostile nation investments in Oregon strategic assets.

In committee upon adjournment.
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WeVote Research Nonpartisan
Bill Summary · SB 1023

Legislative bill overview

SB 1023 restricts the conveyance (sale or transfer) of property and assets to foreign adversaries or entities controlled by them. The bill establishes mechanisms to identify prohibited transactions and imposes penalties for violations. It appears designed to prevent strategic assets from falling under the control of hostile nations.

Why is this important

National security concerns have intensified regarding foreign investment in critical infrastructure, real estate, and technology sectors. States implementing such restrictions aim to close perceived gaps in federal oversight, though effectiveness depends on defining "foreign adversaries" and enforcement capacity.

Potential points of contention

  • Definition challenges: "Foreign adversary" requires clear legal definition—vagueness could inadvertently block legitimate international commerce or create inconsistency with federal designations
  • Constitutional concerns: Commerce Clause and treaty obligations may limit state authority to restrict interstate or international transactions
  • Implementation burden: Enforcement requires verification mechanisms that could delay legitimate transactions and create administrative costs for businesses and state agencies
  • Reciprocal trade impacts: Other nations may retaliate with restrictions on Oregon businesses or exports

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

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