MI HB4234

Prohibits "foreign principals" from directly or indirectly owning or acquiring real property within 20 miles of any military installation or key facility in Michigan

Defines "foreign countries of concern" as China, Russia, Iran, North Korea, Cuba, the Maduro regime in Venezuela, Syria, and entities under their significant control

Foreign principals who already own property in restricted zones before the law takes effect may keep it but cannot acquire additional property, and must register with the Secretary of State by July 1, 2025 or face fines up to $1,000 per day

Entities with national security agreements with the Committee on Foreign Investment in the United States may still purchase up to 350 acres of agricultural land for research, development, or experimental purposes

Violations can result in property forfeiture through escheat to the state, misdemeanor charges with up to 93 days imprisonment and/or $500 fine, and buyers must file affidavits under penalty of perjury attesting they are not foreign principals