Real Property - As enacted, makes changes to law regarding restrictions on land purchases by sanctioned aliens or foreign entities. - Amends TCA Title 66, Chapter 2, Part 3.

Summary

The bill revises state land‑ownership restrictions to cover more assets, lower the ownership percentages that trigger a ban, and set new filing deadlines. It targets any foreign person or entity labeled a prohibited party and any business they control, while allowing exemptions for those cleared by U.S. security reviews. The changes are meant to protect Tennessee’s resources and national‑security interests while giving owners a clear compliance path.

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

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