SB1049

Missouri SB1049 prohibits foreign adversaries from owning real estate and restricts government contracts with such entities.

Missouri SB1049 amends state law to prohibit foreign adversaries from owning real estate and restricts political subdivisions from entering into development agreements with such entities. The bill defines "foreign adversary" as an individual or government identified in federal regulations. Exceptions apply if the foreign adversary is a registered business with good standing for seven years, approved by the U.S. Committee on Foreign Investment, and has an active national security agreement with the federal government.