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Bill

Bill

SB 60

restrict ownership of real property interests by certain prohibited entities and to provide for enforcement.

2026 Regular Session Introduced by Casey Crabtree and 3 co-sponsors

South Dakota prohibits certain foreign and hostile entities from owning real property interests, establishing enforcement mechanisms to prevent restricted acquisitions.

Signed by the Governor on 2026-03-12 S.J. 529
#landrecords #liability #promulgationofrules #property #civilforfeiture #foreignpersons
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Bill Summary · SB 60

Legislative bill overview

SB 60 restricts ownership of real property interests in South Dakota by entities deemed "prohibited," likely targeting foreign governments, entities controlled by hostile nations, or other specified actors. The bill passed the South Dakota Senate unanimously (34-0) with amendments and includes enforcement mechanisms to prevent restricted entities from acquiring land or property rights.

Why is this important

Agricultural land ownership and real estate are economically and strategically significant assets. This legislation addresses growing national concerns about foreign investment in U.S. farmland and critical infrastructure, which has become a bipartisan issue. The bill affects property rights frameworks, economic development policies, and may influence investment patterns in the state.

Potential points of contention

  • Definition scope: The bill's effectiveness depends on how "prohibited entities" are defined—overly broad definitions could capture legitimate foreign investors or create unintended consequences; overly narrow ones may fail to address the intended concerns
  • Enforcement challenges: Tracking beneficial ownership, shell companies, and ensuring compliance requires significant regulatory resources and may prove difficult to enforce effectively
  • Economic impact and reciprocity: Restricting foreign investment could reduce capital flow, affect property values, or invite retaliatory measures against U.S. entities abroad, potentially harming agricultural markets and rural economies

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

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