Virginia Senate Bill 295 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2024 - 25% progression, died in chamber
Action: 2024-01-24 - Passed by indefinitely in Finance and Appropriations (9-Y 5-N)
Text: Latest bill text (Prefiled) [HTML]

Foreign adversaries; restrictions; civil penalty. Restricts any foreign adversary or foreign business, as those terms are defined in the bill, from acquiring any interest in land in the Commonwealth and requires registration with the Secretary of the Commonwealth. The bill requires the Secretary to report annually by December 1 on the registrations and any penalties assessed for failure to register and to submit such report to the Governor and the General Assembly. The bill restricts foreign entities governed by a foreign adversary from transacting business in, forming an entity in, or becoming an entity of the Commonwealth. The bill also requires all real property tax bills to contain notice of such foreign property ownership restrictions and registration requirements.

Foreign adversaries; restrictions, civil penalty.

Sen. Glen Sturtevant [R]

2024-01-24 - Senate - Senate: Passed by indefinitely in Finance and Appropriations (9-Y 5-N) (Y: 9 N: 5 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2024-01-24	Senate	Passed by indefinitely in Finance and Appropriations (9-Y 5-N)
2024-01-09	Senate	Referred to Committee on Finance and Appropriations
2024-01-09	Senate	Prefiled and ordered printed; offered 01/10/24 24104354D

Chapter	Article	Section	Citation Type	Statute Text
13	1	614.01	(n/a)	See Bill Text
2	2	408.1	(n/a)	See Bill Text
55	1	507	(n/a)	See Bill Text
55	1	510	(n/a)	See Bill Text
58	1	3912	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB295
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB295+hil
Amendment	https://committees.lis.virginia.gov/pdfs/drafts/24105771A.pdf
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+SB295F122+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?241+vot+S05V0024+SB0295