SB3040

Illinois SB3040 restricts property ownership and economic incentives for entities linked to foreign countries of concern.

Illinois SB3040, known as the Foreign Countries of Concern Act, restricts property ownership and economic incentives for entities linked to specific foreign countries. It prohibits governmental entities from entering into contracts with entities that would grant them access to personal identifying information. The bill also restricts certain entities from owning or acquiring agricultural land or real property near military installations or critical infrastructure facilities. Additionally, it prohibits governmental entities from providing economic incentives to these entities.