TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO CREATE THE ARKANSAS PROPERTY RIGHTS PROTECTION FROM SHARIA LAW ACT AND TO REGULATE CERTAIN RESIDENTIAL PROPERTY INTERESTS CONTROLLED BY CERTAIN ENTITIES.

This Senate resolution authorizes the introduction of a bill that would regulate how certain business entities own and sell interests in residential properties. The proposed law requires these entities to clearly disclose that buyers are purchasing an ownership stake in the company rather than the house itself, and it mandates that all disputes be resolved in state or federal courts. Additionally, the bill prohibits entities from discriminating against qualified buyers based on factors like race or religion and bans them from charging fees when owners transfer their interests. The legislation also prevents entities under investigation for securities violations from taking action against owners and restricts their ability to seek public funding or create new districts while such violations are pending.