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IL SB3394
Bill
AI Summary
SB3394 - Foreign Countries of Concern Act
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Prohibits government entities from contracting with entities owned by or controlled by governments of specified foreign countries (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) if the contract grants access to personal identifying information.
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Bars entities associated with foreign countries of concern from receiving economic incentives administered by the State or political subdivisions.
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Prohibits foreign principals from purchasing or acquiring agricultural land in Illinois, with exceptions for de minimis indirect interests through publicly traded companies and certain investment advisers.
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Restricts foreign principals from owning or acquiring real property within 10 miles of military installations or critical infrastructure facilities; allows individual natural persons to purchase one residential property up to 2 acres under specific visa and residency requirements.
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Specifically prohibits the People's Republic of China, Chinese Communist Party members, and related entities from owning real property in Illinois, with limited exceptions for individual residences meeting visa and distance requirements.
Legislative Description
FOREIGN COUNTRIES CONCERN ACT
Last Action
Session Sine Die
1/7/2025