Real Property - As enacted, enacts the "Sen. Frank Niceley National Security and Economic Protection Act." - Amends TCA Title 66, Chapter 2, Part 3.

Summary

The law bars businesses or individuals controlled by foreign parties from acquiring or acting as agents, trustees, or fiduciaries for non‑agricultural property in the state. Violators must divest within two years, face a Class A misdemeanor, and register any holdings after Jan. 1 2025, with civil penalties for missed filings. It is intended to protect Tennessee’s national security and economic interests.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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