Provide exemptions under the Foreign-owned Real Estate National Security Act

Summary

The bill amends Nebraska’s Foreign‑owned Real Estate National Security Act to create a process for reporting and enforcing violations, but it also adds exemptions for owners who were legally present in the U.S. as authorized workers or who are not classified as non‑resident aliens at the time they acquire property. It sets a 30‑day notice period, a 180‑day grace period to voluntarily divest, and civil penalties up to $50,000 per parcel for prohibited transfers. The changes also repeal the original statutes and shift enforcement to the Department of Agriculture and the Attorney General.

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