Supplement: MO SB893 | 2024 | Regular Session | Summary: Introduced
Bill Title: Creates provisions relating to foreign ownership of real estate
Status: 2024-01-11 - Second Read and Referred S Select Committee on the Protection of Missouri Assets From Foreign Adversaries Committee [SB893 Detail]
Download: Missouri-2024-SB893-Summary_Introduced.html
Certain foreign governments or entities shall not purchase, hold or acquire title to real property in this state if such foreign government or entity is listed as a foreign adversary or a foreign business entity; headquartered in a country that is a foreign adversary; directly or indirectly held or controlled by a foreign adversary; owned the majority of stock or other ownership interest which is held or controlled by citizens of a foreign adversary; or controlled by or has the majority of stock or other ownership interest held or controlled by citizens of a foreign adversary.
This act shall not apply to a foreign adversary possessing real property interest if such foreign adversary is a duly registered business in good standing with the Secretary of State for seven years or longer prior to August 28, 2024; has been approved by the United States Committee of Foreign Investment as described in the act; and maintains an active national security agreement with the federal government.
This act is substantially similar to SB 649 (2023).
JULIA SHEVELEVA