NJ S382

Prohibits governments of China, Russia, Iran, and North Korea—and their associated persons or entities—from acquiring any interest in real property in New Jersey after the bill's effective date.

Foreign governments and persons already holding New Jersey real property must sell or convey their interests within five years to buyers not subject to the prohibition.

Defines "adverse foreign government" as any country listed as a threat to U.S. critical infrastructure, economic security, or posing terrorism/transnational repression risks in recent U.S. Intelligence Community Annual Threat Assessments.

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

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