Richard Nelson voted Yea (Override of Veto) on this Legislation.
Title: Prohibits Chinese Nationals and Other Foreign Adversaries from Owning Land in the State
Vote to override the governors veto and pass a bill that prohibits Chinese nationals and citizens of other foreign adversary nations from owning land in the state of Louisiana.
Prohibits any foreign adversary or prohibited foreign actor from directly or indirectly own, acquire, lease, or obtain any interest in agricultural land (Sec. 1).
Specifies that a prohibited foreign actor can sell or convey an ownership interest in agricultural land (Sec. 1).
Defines foreign adversary as a foreign non-government person or foreign government identified as (Sec. 1):
The People’s Republic of China;
Hong Kong Special Administrative Region;
Republic of Cuba;
Islamic Republic of Iran;
North Korea;
Russian Federation; and
Venezuela under the leadership of Nicolas Madura.
Defines prohibited foreign actors as a corporation, limited liability company, pension or investment fund, trust, or limited partnership in which a foreign adversary has a controlling interest (Sec. 1).
Authorizes foreign business entities that might otherwise qualify as a foreign adversary owning agricultural lands under the following circumstances (Sec. 1):
If the right is guaranteed by a treaty or person’s country of origin affords certain real estate rights to United States citizens;
If title to such land is held as security to indebtedness or acquired upon collection of a debt;
If the foreign business is a religious, educational, charitable, or scientific corporation; or
If inherited land received by the foreign business as a payment for debt and is sold or transferred within 5 years.
Specifies that this bill only applies to property acquired by a foreign adversary or actor after August 1, 2023 (Sec. 1).
NOTE: A TWO-THIRDS MAJORITY OF MEMBERS ELECTED IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.
Title: Prohibits Chinese Nationals and Other Foreign Adversaries from Owning Land in the State
Title: Prohibits Chinese Nationals and Other Foreign Adversaries from Owning Land in the State
Title: Prohibits Chinese Nationals and Other Foreign Adversaries from Owning Land in the State
Title: Prohibits Chinese Nationals and Other Foreign Adversaries from Owning Land in the State
Title: Prohibits Chinese Nationals and Other Foreign Adversaries from Owning Land in the State