HB 2176 Summary

• Prohibits conveyance of land in Arizona to foreign entities, defined as foreign governments, state-controlled enterprises of foreign governments, or agents acting on their behalf, effective upon passage.

• Requires grantors and real estate professionals to submit valid identification of any grantee to the Department of Real Estate, including photograph, name, and address documentation.

• Applies the same foreign entity restrictions to sales of state lands by the state land department.

• Exempts United States government, states, territories, and possessions from the foreign entity definition and prohibition.