TO PREVENT A FOREIGN-PARTY-CONTROLLED BUSINESS FROM LEASING LAND; AND TO PROHIBIT A PROHIBITED FOREIGN PARTY FROM HOLDING AN INTEREST IN REAL PROPERTY OR AGRICULTURAL LAND IN CERTAIN CIRCUMSTANCES.

House Bill 1680, now Act 811, restricts certain foreign entities from acquiring interests in land. It prohibits businesses controlled by a "foreign party" from leasing land. The bill also prevents "prohibited foreign parties" from holding an interest in real property or agricultural land under specific circumstances. An amendment clarifies that an individual is not considered a "prohibited foreign party" if they are also a citizen of the United States.