Property; prohibiting control of certain real property by certain foreign adversaries. providing for acquisition and subsequent sale of certain property upon certain judicial determination. Effective date.

SB 916 prohibits foreign adversary nations (as defined by U.S. Commerce Department designations) and their agents from owning or controlling agricultural land or property within five miles of military installations in Oklahoma. It requires existing violators to divest holdings within two years and exempts residential property leases, diplomatic use under the Vienna Convention, agricultural research activities, and certain corporate operations. The law also allows limited waivers by the Governor if economic benefits outweigh security risks. It directly affects foreign entities designated as adversaries and imposes registration, divestment, and forfeiture penalties for noncompliance.