NE LB7

Amends Nebraska's Foreign-owned Real Estate National Security Act to update definitions, adding terms for "foreign corporation," "foreign government," "Indian tribe," and "person" while refining the definition of "nonresident alien" to require 183 days of physical presence in the U.S. over a three-year period

Requires purchasers of covered real estate (as defined by federal regulations) to submit a signed affidavit to the register of deeds certifying they are not affiliated with foreign adversaries, with false statements constituting perjury

Expands compliance pathways for restricted entities seeking to hold real estate for manufacturing or industrial purposes, allowing either a Committee on Foreign Investment determination of no unresolved national security concerns or a maintained national security agreement with annual certification to the Department of Agriculture by January 15

Establishes voluntary divestment procedures giving restricted entities 30 days to indicate intent to divest and 180 days to complete divestment, with civil penalties up to $50,000 per parcel for transferring real estate to prohibited persons

Exempts persons and entities from excepted real estate foreign states (as determined by the Committee on Foreign Investment) from the Act's requirements, except for restricted entities on federal sanctions lists or those designated as national security threats