NJ A4385

Prohibits governments of China, Russia, Iran, and North Korea, along with their citizens and affiliated entities, from acquiring any interest in real property in New Jersey after the bill's effective date.

Current foreign owners from these countries must sell or convey their property interests within five years to buyers not subject to the prohibition.

Limited exceptions allow property acquisition through debt collection, foreclosure, liens, inheritance, or security encumbrances, with a two-year divestiture requirement for debt-related acquisitions.

Violations carry civil penalties up to the greater of $250,000 or 50% of the property's market value, enforceable by the Attorney General.

"Adverse foreign government" is defined by the three most recent U.S. Intelligence Community Annual Threat Assessments identifying nations as threats to terrorism, critical infrastructure, or economic security.