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 Tennessee's statutes that restrict land purchases by prohibited foreign parties and businesses they control. It broadens the definition of a land interest to include oil, gas, other minerals, ground water and surface water, lowers the ownership thresholds that trigger the restrictions, and creates an exemption for entities that register with the Secretary of State and receive CFIUS or national‑security clearance. The changes aim to give the state more oversight of foreign‑controlled land holdings while providing a clear path for compliance.

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