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WV HB2873
Bill
Status
2/24/2025
Primary Sponsor
Josh Holstein
Click for details
AI Summary
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Prohibits Chinese government entities, Chinese-headquartered companies, companies controlled by the Chinese government, and companies majority-owned by Chinese citizens from purchasing or acquiring agricultural land in West Virginia
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Bars any person, company, or entity covered by the prohibition that acquired agricultural land before July 1, 2025, from selling or transferring that land to any other alien or foreign business after that date
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Prohibits holding agricultural land as an agent, trustee, or fiduciary on behalf of prohibited Chinese-affiliated entities, though existing security interests remain valid
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Requires all proposed transfers of agricultural land held by prohibited entities after July 1, 2025, to be submitted to the West Virginia Department of Agriculture for approval
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Directs the Department of Agriculture to establish rules for the submission and approval process for land transfer requests under this section
Legislative Description
Prohibiting certain foreign ownership of land
Real and Personal Property
Last Action
To House Judiciary
2/24/2025