Foreign Land Purchase Consequences

Foreign Land Purchase Consequences

Rep. Jim Shaw, R-Chandler, secured committee passage of a bill yesterday that would add criminal penalties to Oklahoma’s existing prohibitions on hostile foreign ownership of land. While state law already restricts certain foreign ownership of property, Shaw said current statutes lack meaningful criminal enforcement mechanisms. House Bill 1453 would close that gap by making violations a felony offense. HB1453 would prohibit foreign governments,…

House committee advances Shaw's bill to criminalize hostile foreign land ownership

Shaw Bill on Foreign Land Ownership Advances from CommitteeOKLAHOMA CITY – Rep. Jim Shaw, R-Chandler, secured committee passage of a bill that would add criminal penalties to Oklahoma’s existing prohibitions on hostile foreign ownership of land.While state law already restricts certain foreign ownership of property, Shaw said current statutes lack meaningful criminal enforcement mechanisms. House Bill 1453 would close that gap by making violatio…

Shaw Bill Adding Criminal Penalties for Foreign Land Ownership Advances

An Oklahoma House committee has advanced legislation that would add criminal penalties to existing state restrictions on hostile foreign ownership of land. Oklahoma Representative Jim Shaw secured passage of House Bill 1453 in the House Civil Judiciary Committee on a 6-2 vote. The measure would make it a felony for certain foreign governments, entities and businesses tied to countries subject to U.S. arms regulations, as well as entities of parti