Arkansas House Bill HB1479

Arkansas 2023 Regular Session

• Introduced: 2/21/23
• Refer: 2/21/23
• Report Pass: 3/1/23
• Refer: 3/7/23
• Report Pass: 3/15/23
• Engrossed: 3/16/23
• Refer: 3/16/23
• Report Pass: 3/30/23
• Failed: 5/1/23

Caption

To Prohibit The Purchase Of Or Acquisition Of Title To Agricultural Land By A Governmental Entity Of The People's Republic Of China Or Certain Entities Connected With The People's Republic Of China.

Impact

The passage of HB 1479 would significantly impact Arkansas's property laws by expressly restricting foreign ownership in the agricultural sector, particularly targeting entities connected to the Chinese government. This amendment aligns with similar legislative measures being considered or enacted in other states, signaling a proactive approach to safeguarding local agricultural interests against foreign acquisition. The bill mandates that any transfers of agricultural land violating this prohibition are subject to immediate divestiture, a move aimed at enforcing compliance and protecting local land ownership rights.

Summary

House Bill 1479 seeks to prohibit the purchase or acquisition of agricultural land in Arkansas by governmental entities from the People's Republic of China and certain affiliated entities. The bill amends existing laws to specifically restrict foreign ownership of agricultural properties, reflecting a growing concern among Arkansas lawmakers regarding foreign influence in domestic agricultural sectors. This legislation is part of a broader national conversation on the implications of foreign investment in American land and assets.

Sentiment

The sentiment surrounding HB 1479 has been largely supportive among constituents and lawmakers who fear potential threats posed by foreign ownership of essential resources. Proponents argue that this legislation is crucial for national security and agricultural integrity. However, there are concerns raised by critics who caution that such restrictive measures could alienate potential investors and misunderstand the complex global economic dynamics. They argue the bill may propagate xenophobia rather than genuinely protect local interests.

Contention

Key points of contention within the discussions around HB 1479 include the implications of restricting foreign investment and the potential economic repercussions for the state. Critics have highlighted the risk of retaliatory measures from foreign governments, which could affect Arkansas's trade relations and economic growth. Furthermore, the bill raises questions about enforcing such prohibitions and whether they could infringe on property rights, leading to challenges regarding the implementation and legality of divestitures ordered by the Attorney General.