Real Property - As enacted, enacts the "Sen. Frank Niceley National Security and Economic Protection Act." - Amends TCA Title 66, Chapter 2, Part 3.

SB 2424 prohibits certain foreign-controlled entities (including foreign governments or entities they control) from acquiring or holding non-agricultural land in Tennessee after January 1, 2025. It requires existing foreign-controlled entities holding such land by that date to register detailed ownership information - including the foreign entity's nationality, business purpose, and ownership chain - with the Secretary of State within 60 days of the deadline. Violations carry fines up to $1,500 for illegal ownership or $2,000 per late registration. The bill directly affects foreign-controlled businesses or governments seeking to own or maintain non-agricultural land in Tennessee, with enforcement beginning July 1, 2026.