Illinois 2025-2026 Regular Session

Illinois Senate Bill SB0048 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0048 Introduced 1/13/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED: New Act765 ILCS 60/7 from Ch. 6, par. 7 Creates the Foreign Countries of Concern Act. Prohibits governmental entities from entering into contracts with certain prohibited entities that would give those prohibited entities access to an individual's personal identifying information. Prohibits certain entities from receiving economic incentives. Provides that certain prohibited entities may not own interests in agricultural land or land on or around military installations or critical infrastructure facilities. Prohibits the purchase or acquisition of real property by certain entities associated with the People's Republic of China. Amends the Property Owned By Noncitizens Act to make conforming changes. LRB104 03754 HLH 13778 b A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0048 Introduced 1/13/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED: New Act765 ILCS 60/7 from Ch. 6, par. 7 New Act 765 ILCS 60/7 from Ch. 6, par. 7 Creates the Foreign Countries of Concern Act. Prohibits governmental entities from entering into contracts with certain prohibited entities that would give those prohibited entities access to an individual's personal identifying information. Prohibits certain entities from receiving economic incentives. Provides that certain prohibited entities may not own interests in agricultural land or land on or around military installations or critical infrastructure facilities. Prohibits the purchase or acquisition of real property by certain entities associated with the People's Republic of China. Amends the Property Owned By Noncitizens Act to make conforming changes. LRB104 03754 HLH 13778 b LRB104 03754 HLH 13778 b A BILL FOR
2	2	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0048 Introduced 1/13/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED:
3	3	New Act765 ILCS 60/7 from Ch. 6, par. 7 New Act 765 ILCS 60/7 from Ch. 6, par. 7
4	4	New Act
5	5	765 ILCS 60/7 from Ch. 6, par. 7
6	6	Creates the Foreign Countries of Concern Act. Prohibits governmental entities from entering into contracts with certain prohibited entities that would give those prohibited entities access to an individual's personal identifying information. Prohibits certain entities from receiving economic incentives. Provides that certain prohibited entities may not own interests in agricultural land or land on or around military installations or critical infrastructure facilities. Prohibits the purchase or acquisition of real property by certain entities associated with the People's Republic of China. Amends the Property Owned By Noncitizens Act to make conforming changes.
7	7	LRB104 03754 HLH 13778 b LRB104 03754 HLH 13778 b
8	8	LRB104 03754 HLH 13778 b
9	9	A BILL FOR
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12	12	1 AN ACT concerning State government.
13	13	2 Be it enacted by the People of the State of Illinois,
14	14	3 represented in the General Assembly:
15	15	4 Section 1. Short title. This Act may be cited as the
16	16	5 Foreign Countries of Concern Act.
17	17	6 Section 5. Contracting with entities of foreign countries
18	18	7 of concern prohibited.
19	19	8 (a) As used in this Section:
20	20	9 "Controlling interest" means possession of the power to
21	21	10 direct or cause the direction of the management or policies of
22	22	11 a company, whether through ownership of securities, by
23	23	12 contract, or otherwise. A person or entity that directly or
24	24	13 indirectly has the right to vote 25% or more of the voting
25	25	14 interests of the company or is entitled to 25% or more of the
26	26	15 company's profits is presumed to possess a controlling
27	27	16 interest.
28	28	17 "Department" means the Department of Central Management
29	29	18 Services.
30	30	19 "Foreign country of concern" means the People's Republic
31	31	20 of China, the Russian Federation, the Islamic Republic of
32	32	21 Iran, the Democratic People's Republic of Korea, the Republic
33	33	22 of Cuba, Venezuela, or the Syrian Arab Republic, including any
34	34	23 agency of or any other entity of significant control of such
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38	38	104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026 SB0048 Introduced 1/13/2025, by Sen. Sue Rezin SYNOPSIS AS INTRODUCED:
39	39	New Act765 ILCS 60/7 from Ch. 6, par. 7 New Act 765 ILCS 60/7 from Ch. 6, par. 7
40	40	New Act
41	41	765 ILCS 60/7 from Ch. 6, par. 7
42	42	Creates the Foreign Countries of Concern Act. Prohibits governmental entities from entering into contracts with certain prohibited entities that would give those prohibited entities access to an individual's personal identifying information. Prohibits certain entities from receiving economic incentives. Provides that certain prohibited entities may not own interests in agricultural land or land on or around military installations or critical infrastructure facilities. Prohibits the purchase or acquisition of real property by certain entities associated with the People's Republic of China. Amends the Property Owned By Noncitizens Act to make conforming changes.
43	43	LRB104 03754 HLH 13778 b LRB104 03754 HLH 13778 b
44	44	LRB104 03754 HLH 13778 b
45	45	A BILL FOR
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51	51	New Act
52	52	765 ILCS 60/7 from Ch. 6, par. 7
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71	71	1 foreign country of concern.
72	72	2 "Governmental entity" means any legislative, executive,
73	73	3 administrative, or advisory body of the State, any State
74	74	4 university or college, any county, township, city, village,
75	75	5 incorporated town, or school district, and any other municipal
76	76	6 corporation, board, bureau, committee, or commission of the
77	77	7 State.
78	78	8 (b) Beginning on the effective date of this Act, a
79	79	9 governmental entity may not knowingly enter into a contract
80	80	10 with an entity that would give the entity access to an
81	81	11 individual's personal identifying information if:
82	82	12 (1) the entity is owned by the government of a foreign
83	83	13 country of concern;
84	84	14 (2) the government of a foreign country of concern has
85	85	15 a controlling interest in the entity; or
86	86	16 (3) the entity is organized under the laws of or has
87	87	17 its principal place of business in a foreign country of
88	88	18 concern.
89	89	19 (c) Beginning on the effective date of this Act, a
90	90	20 governmental entity may not extend or renew a contract with an
91	91	21 entity listed in subsection (b) if the contract would give
92	92	22 that entity access to an individual's personal identifying
93	93	23 information.
94	94	24 (d) Beginning on the effective date of this Act, a
95	95	25 governmental entity may not accept a bid on a contract, accept
96	96	26 a proposal for a contract, or enter into a contract with an
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107	107	1 entity if that contract would grant the entity access to an
108	108	2 individual's personal identifying information unless the
109	109	3 entity provides the governmental entity with an affidavit
110	110	4 signed by an officer or representative of the entity under
111	111	5 penalty of perjury attesting that the entity does not meet any
112	112	6 of the criteria in subsection (b).
113	113	7 If an entity extends or renews a contract with a
114	114	8 governmental entity that would grant the entity access to an
115	115	9 individual's personal identifying information, then the entity
116	116	10 must provide the governmental entity with an affidavit signed
117	117	11 by an officer or representative of the entity under penalty of
118	118	12 perjury attesting that the entity does not meet any of the
119	119	13 criteria in subsection (b).
120	120	14 (e) The Attorney General may bring a civil action in any
121	121	15 court of competent jurisdiction against an entity that
122	122	16 violates this Section. Violations of this Section may result
123	123	17 in:
124	124	18 (1) a civil penalty equal to twice the amount of the
125	125	19 subject contract;
126	126	20 (2) ineligibility to enter into, renew, or extend any
127	127	21 contract, including any grant agreements, with any
128	128	22 governmental entity for up to 5 years; and
129	129	23 (3) ineligibility to receive or renew any license,
130	130	24 certification, or credential issued by a governmental
131	131	25 entity for up to 5 years.
132	132	26 (f) Any penalties collected under subsection (e) must be
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143	143	1 deposited into the General Revenue Fund.
144	144	2 (g) The Department shall adopt rules to implement this
145	145	3 Section, including rules establishing the form for the
146	146	4 affidavit required under subsection (d).
147	147	5 Section 10. Economic incentives to foreign countries of
148	148	6 concern prohibited.
149	149	7 (a) As used in this Section:
150	150	8 "Controlled by" means having possession of the power to
151	151	9 direct or cause the direction of the management or policies of
152	152	10 a company, whether through ownership of securities, by
153	153	11 contract, or otherwise. A person or entity that directly or
154	154	12 indirectly has the right to vote 25% or more of the voting
155	155	13 interests of the company or that is entitled to 25% or more of
156	156	14 the company's profits is presumed to control the company.
157	157	15 "Department" means the Department of Commerce and Economic
158	158	16 Opportunity.
159	159	17 "Economic incentive" means all programs administered by,
160	160	18 or for which an applicant for the program must seek
161	161	19 certification, approval, or other action by, the Department,
162	162	20 and all economic development programs, grants, or financial
163	163	21 benefits administered by a political subdivision of the State.
164	164	22 "Foreign country of concern" has the same meaning as in
165	165	23 Section 5.
166	166	24 "Government entity" means a State agency, a political
167	167	25 subdivision of the State, or any other public or private
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178	178	1 agency, person, partnership, corporation, or business entity
179	179	2 acting on behalf of any public agency.
180	180	3 "Prohibited entity" means an entity that is:
181	181	4 (1) owned or controlled by the government of a foreign
182	182	5 country of concern; or
183	183	6 (2) a partnership, association, corporation,
184	184	7 organization, or other combination of persons organized
185	185	8 under the laws of or having its principal place of
186	186	9 business in a foreign country of concern, or a subsidiary
187	187	10 of such an entity.
188	188	11 (b) A government entity may not knowingly enter into an
189	189	12 agreement or contract for an economic incentive with a
190	190	13 prohibited entity.
191	191	14 (c) Before providing any economic incentive, a government
192	192	15 entity must require the recipient or applicant to provide the
193	193	16 government entity with an affidavit signed under penalty of
194	194	17 perjury attesting that the recipient or applicant is not a
195	195	18 prohibited entity.
196	196	19 (d) The Department shall adopt rules to administer this
197	197	20 Section, including rules establishing the form for the
198	198	21 affidavit required under subsection (c).
199	199	22 Section 15. Purchase of agricultural land by foreign
200	200	23 principals prohibited.
201	201	24 (a) As used in this Section:
202	202	25 "Agricultural land" means any land located in this State
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213	213	1 and used for agricultural, forestry, or timber production
214	214	2 purposes.
215	215	3 "Department" means the Department of Agriculture.
216	216	4 "Foreign country of concern" has the same meaning as in
217	217	5 Section 5.
218	218	6 "Prohibited entity" means:
219	219	7 (1) the government or any official of the government
220	220	8 of a foreign country of concern;
221	221	9 (2) a political party or member of a political party
222	222	10 or any subdivision of a political party in a foreign
223	223	11 country of concern;
224	224	12 (3) a partnership, association, corporation,
225	225	13 organization, or other combination of persons organized
226	226	14 under the laws of or having its principal place of
227	227	15 business in a foreign country of concern, or a subsidiary
228	228	16 of such entity;
229	229	17 (4) any person who is domiciled in a foreign country
230	230	18 of concern and is not a citizen or lawful permanent
231	231	19 resident of the United States; or
232	232	20 (5) any person, entity, or collection of persons or
233	233	21 entities, described in paragraphs (1) through (4) having a
234	234	22 controlling interest in a partnership, association,
235	235	23 corporation, organization, trust, or any other legal
236	236	24 entity or subsidiary formed for the purpose of owning real
237	237	25 property in this State.
238	238	26 "Real property" means land, buildings, fixtures, and all
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249	249	1 other improvements to land.
250	250	2 (b) A prohibited entity may not directly or indirectly
251	251	3 own, have a controlling interest in, or acquire by purchase,
252	252	4 grant, devise, or descent agricultural land or any interest,
253	253	5 except a de minimis indirect interest, in agricultural land in
254	254	6 this State. A prohibited entity has a de minimis indirect
255	255	7 interest if any ownership is the result of the entity's
256	256	8 ownership of registered equities in a publicly traded company
257	257	9 owning the land and if the entity's ownership interest in the
258	258	10 company is either:
259	259	11 (1) less than 5% of any class of registered equities
260	260	12 or less than 5% in the aggregate in multiple classes of
261	261	13 registered equities; or
262	262	14 (2) a noncontrolling interest in an entity controlled
263	263	15 by a company that is both registered with the United
264	264	16 States Securities and Exchange Commission as an investment
265	265	17 adviser under the Investment Advisers Act of 1940 and is
266	266	18 not a foreign entity.
267	267	19 (c) A prohibited entity that directly or indirectly owns
268	268	20 or acquires agricultural land in this State or any interest in
269	269	21 agricultural land in this State before the effective date of
270	270	22 this Act may continue to own or hold that land or interest but,
271	271	23 except as provided in subsection (d), may not purchase or
272	272	24 otherwise acquire by grant, devise, or descent any additional
273	273	25 agricultural land in this State or any interest in
274	274	26 agricultural land in this State on or after the effective date
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285	285	1 of this Act.
286	286	2 A prohibited entity that directly or indirectly owns or
287	287	3 acquires agricultural land in this State or owns or acquires
288	288	4 any interest in agricultural land in this State before the
289	289	5 effective date of this Act must register with the Department
290	290	6 within 6 months after the effective date of this Act. The
291	291	7 Department must establish a form for those registrations that,
292	292	8 at minimum, includes all of the following:
293	293	9 (1) the name of the owner of the agricultural land or
294	294	10 the owner of the interest in that land;
295	295	11 (2) the address of the agricultural land, the property
296	296	12 appraiser's parcel identification number, and the
297	297	13 property's legal description; and
298	298	14 (3) the number of acres of the agricultural land.
299	299	15 A prohibited entity that fails to timely file a
300	300	16 registration with the Department is subject to a civil penalty
301	301	17 of $1,000 for each day that the registration is late. The
302	302	18 Department may place a lien against the unregistered
303	303	19 agricultural land for the unpaid balance of any penalties
304	304	20 assessed under this Section.
305	305	21 (d) Notwithstanding the provisions of this Section, a
306	306	22 prohibited entity may acquire agricultural land on or after
307	307	23 the effective date of this Act by devise or descent, through
308	308	24 the enforcement of security interests, or through the
309	309	25 collection of debts, provided that the entity sells,
310	310	26 transfers, or otherwise divests itself of the agricultural
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321	321	1 land within 3 years after acquiring the agricultural land.
322	322	2 (e) At the time of purchase, a buyer of agricultural land
323	323	3 or an interest in agricultural land must provide an affidavit
324	324	4 signed under penalty of perjury attesting that the buyer is:
325	325	5 (1) not a prohibited entity; and
326	326	6 (2) in compliance with the requirements of this
327	327	7 Section.
328	328	8 (f) The failure to obtain or maintain the affidavit does
329	329	9 not affect the title or insurability of the title for the
330	330	10 agricultural land or subject the closing agent to civil or
331	331	11 criminal liability, unless the closing agent has actual
332	332	12 knowledge that the transaction will result in a violation of
333	333	13 this Section.
334	334	14 (g) The Department may initiate a civil action in the
335	335	15 circuit court of the county in which the property is located
336	336	16 for the forfeiture of the agricultural land or any interest in
337	337	17 that land.
338	338	18 (h) The Department shall adopt rules to implement this
339	339	19 Section, including rules establishing the form for the
340	340	20 affidavit required under subsection (e).
341	341	21 Section 20. Purchase of real property on or around
342	342	22 military installations or critical infrastructure facilities
343	343	23 by foreign principals prohibited.
344	344	24 (a) As used in this Section:
345	345	25 "Critical infrastructure facility" means any of the
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356	356	1 following, if it employs measures such as fences, barriers, or
357	357	2 guard posts that are designed to exclude unauthorized persons:
358	358	3 (1) a chemical manufacturing facility;
359	359	4 (2) a refinery;
360	360	5 (3) an electrical power plant;
361	361	6 (4) a water treatment facility or wastewater treatment
362	362	7 plant;
363	363	8 (5) a liquid natural gas terminal;
364	364	9 (6) a telecommunications central switching office;
365	365	10 (7) a gas processing plant, including a plant used in
366	366	11 the processing, treatment, or fractionation of natural
367	367	12 gas; and
368	368	13 (8) an airport.
369	369	14 "Department" means the Department of Commerce and Economic
370	370	15 Opportunity.
371	371	16 "Foreign country of concern" has the same meaning as in
372	372	17 Section 5.
373	373	18 "Foreign principal" means:
374	374	19 (1) the government or any official of the government
375	375	20 of a foreign country of concern;
376	376	21 (2) a political party or member of a political party
377	377	22 or any subdivision of a political party in a foreign
378	378	23 country of concern;
379	379	24 (3) a partnership, association, corporation,
380	380	25 organization, or other combination of persons organized
381	381	26 under the laws of or having its principal place of
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392	392	1 business in a foreign country of concern, or a subsidiary
393	393	2 of such entity;
394	394	3 (4) any person who is domiciled in a foreign country
395	395	4 of concern and is not a citizen or lawful permanent
396	396	5 resident of the United States; or
397	397	6 (5) any person, entity, or collection of persons or
398	398	7 entities, described in paragraphs (1) through (4) having a
399	399	8 controlling interest in a partnership, association,
400	400	9 corporation, organization, trust, or any other legal
401	401	10 entity or subsidiary formed for the purpose of owning real
402	402	11 property in this State.
403	403	12 "Military installation" means a base, camp, post, station,
404	404	13 yard, or center encompassing at least 10 contiguous acres that
405	405	14 is under the jurisdiction of the Department of Defense or its
406	406	15 affiliates.
407	407	16 (b) A foreign principal may not directly or indirectly
408	408	17 own, have a controlling interest in, or acquire by purchase,
409	409	18 grant, devise, or descent any interest, except a de minimis
410	410	19 indirect interest, in real property on or within 10 miles of
411	411	20 any military installation in this State or critical
412	412	21 infrastructure facility in this State. A foreign principal has
413	413	22 a de minimis indirect interest if the ownership is the result
414	414	23 of the foreign principal's ownership of registered equities in
415	415	24 a publicly traded company owning the land and if the foreign
416	416	25 principal's ownership interest in the company is either:
417	417	26 (1) less than 5% of any class of registered equities
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428	428	1 or less than 5% in the aggregate in multiple classes of
429	429	2 registered equities; or
430	430	3 (2) a noncontrolling interest in an entity controlled
431	431	4 by a company that is both registered with the United
432	432	5 States Securities and Exchange Commission as an investment
433	433	6 adviser under the Investment Advisers Act of 1940 and is
434	434	7 not a foreign entity.
435	435	8 (c) A foreign principal that directly or indirectly owns
436	436	9 or acquires any interest in real property on or within 10 miles
437	437	10 of any military installation or critical infrastructure
438	438	11 facility in this State before the effective date of this Act
439	439	12 may continue to own or hold that real property but, except as
440	440	13 provided in subsections (e) and (f), may not purchase or
441	441	14 otherwise acquire by grant, devise, or descent any additional
442	442	15 real property on or within 10 miles of any military
443	443	16 installation or critical infrastructure facility in this
444	444	17 State.
445	445	18 (d) A foreign principal must register with the Department
446	446	19 if the foreign principal owns or acquires real property on or
447	447	20 within 10 miles of any military installation or critical
448	448	21 infrastructure facility in this State as authorized under
449	449	22 subsection (e) or if the foreign principal owned or acquired
450	450	23 an interest, other than a de minimis indirect interest, in
451	451	24 that property before the effective date of this Act. The
452	452	25 Department must establish a form for such registration which,
453	453	26 at a minimum, includes the following:
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464	464	1 (1) the name of the owner of the real property; and
465	465	2 (2) the address of the real property, the property
466	466	3 appraiser's parcel identification number, and the
467	467	4 property's legal description.
468	468	5 A foreign principal that fails to timely file a
469	469	6 registration with the Department is subject to a civil penalty
470	470	7 of $1,000 for each day that the registration is late. A foreign
471	471	8 principal must register a property interest owned before the
472	472	9 effective date of this Act within 90 days after the effective
473	473	10 date of this Act. A foreign principal who owns or acquires real
474	474	11 property on or after the effective date of this Act must
475	475	12 register the real property within 30 days after the property
476	476	13 is owned or acquired. The Department may place a lien against
477	477	14 the unregistered real property for the unpaid balance of any
478	478	15 penalties assessed under this paragraph.
479	479	16 (e) Notwithstanding the provisions of this Section, a
480	480	17 foreign principal who is a natural person may purchase one
481	481	18 residential real property that is up to 2 acres in size if all
482	482	19 of the following apply:
483	483	20 (1) the parcel is not on or within 5 miles of any
484	484	21 military installation in this State;
485	485	22 (2) the person has a current verified United States
486	486	23 visa that is not limited to authorizing tourist-based
487	487	24 travel or official documentation confirming that the
488	488	25 person has been granted asylum in the United States, and
489	489	26 that visa or documentation authorizes the person to be
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493	493
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500	500	1 legally present within this State; and
501	501	2 (3) The purchase is in the name of the person who holds
502	502	3 the visa or official documentation described in paragraph
503	503	4 (2).
504	504	5 (f) Notwithstanding the provisions of this Section, a
505	505	6 foreign principal may acquire real property or any interest
506	506	7 therein which is on or within 10 miles of any military
507	507	8 installation or critical infrastructure facility in this State
508	508	9 on or after the effective date of this Act, by devise or
509	509	10 descent, through the enforcement of security interests, or
510	510	11 through the collection of debts, provided that the foreign
511	511	12 principal sells, transfers, or otherwise divests itself of
512	512	13 such real property within 3 years after acquiring the real
513	513	14 property.
514	514	15 (g) At the time of purchase, a buyer of the real property
515	515	16 that is on or within 10 miles of any military installation or
516	516	17 critical infrastructure facility in this State must provide an
517	517	18 affidavit signed under penalty of perjury attesting that the
518	518	19 buyer is:
519	519	20 (1) not a foreign principal or not a foreign principal
520	520	21 prohibited from purchasing the subject real property; and
521	521	22 (2) in compliance with the requirements of this
522	522	23 Section.
523	523	24 The failure to obtain or maintain the affidavit does not
524	524	25 affect the title or insurability of the title for the real
525	525	26 property or subject the closing agent to civil or criminal
526	526
527	527
528	528
529	529
530	530
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532	532
533	533
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536	536	1 liability, unless the closing agent has actual knowledge that
537	537	2 the transaction will result in a violation of this Section.
538	538	3 (h) The Department shall adopt rules to implement this
539	539	4 Section, including rules establishing the form for the
540	540	5 affidavit required under this Section.
541	541	6 (i) The Department may initiate a civil action in the
542	542	7 circuit court of the county in which the property is located
543	543	8 for the forfeiture of the real property or any interest in the
544	544	9 property.
545	545	10 Section 25. Purchase or acquisition of real property by
546	546	11 the People's Republic of China prohibited.
547	547	12 (a) The following persons or entities may not directly or
548	548	13 indirectly own, have a controlling interest in, or acquire by
549	549	14 purchase, grant, devise, or descent any interest, except a de
550	550	15 minimis indirect interest, in real property in this State:
551	551	16 (1) The People's Republic of China, the Chinese
552	552	17 Communist Party, or any official or member of the People's
553	553	18 Republic of China or the Chinese Communist Party.
554	554	19 (2) Any other political party or member of a political
555	555	20 party or a subdivision of a political party in the
556	556	21 People's Republic of China.
557	557	22 (3) A partnership, an association, a corporation, an
558	558	23 organization, or any other combination of persons
559	559	24 organized under the laws of or having its principal place
560	560	25 of business in the People's Republic of China, or a
561	561
562	562
563	563
564	564
565	565
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571	571	1 subsidiary of one of those entities.
572	572	2 (4) Any person who is domiciled in the People's
573	573	3 Republic of China and who is not a citizen or lawful
574	574	4 permanent resident of the United States.
575	575	5 (5) Any person, entity, or collection of persons or
576	576	6 entities described in paragraphs (1) through (4) having a
577	577	7 controlling interest in a partnership, association,
578	578	8 corporation, organization, trust, or any other legal
579	579	9 entity or subsidiary formed for the purpose of owning real
580	580	10 property in this State.
581	581	11 (b) A person or entity has a de minimis indirect interest
582	582	12 if any ownership is the result of the person's or entity's
583	583	13 ownership of registered equities in a publicly traded company
584	584	14 owning the land and if the person's or entity's ownership
585	585	15 interest in the company is either:
586	586	16 (1) less than 5% of any class of registered equities
587	587	17 or less than 5% in the aggregate in multiple classes of
588	588	18 registered equities; or
589	589	19 (2) a noncontrolling interest in an entity controlled
590	590	20 by a company that is both registered with the United
591	591	21 States Securities and Exchange Commission as an investment
592	592	22 adviser under the Investment Advisers Act of 1940 and is
593	593	23 not a foreign entity.
594	594	24 (c) A natural person described in subsection (a) may
595	595	25 purchase one residential real property that is up to 2 acres in
596	596	26 size if all of the following apply:
597	597
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599	599
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603	603
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607	607	1 (1) The parcel is not on or within 5 miles of any
608	608	2 military installation in this State.
609	609	3 (2) The person has a current verified United States
610	610	4 visa that is not limited to authorizing tourist-based
611	611	5 travel or official documentation confirming that the
612	612	6 person has been granted asylum in the United States and
613	613	7 such visa or documentation authorizes the person to be
614	614	8 legally present within this State.
615	615	9 (3) The purchase is in the name of the person who holds
616	616	10 the visa or official documentation described in paragraph
617	617	11 (2).
618	618	12 (d) A person or entity described in subsection (a) that
619	619	13 directly or indirectly owns or acquires any interest in real
620	620	14 property in this State before the effective date of this Act
621	621	15 may continue to own or hold such real property but, except as
622	622	16 provided in subsection (g), may not purchase or otherwise
623	623	17 acquire by grant, devise, or descent any additional real
624	624	18 property in this State.
625	625	19 (e) A person or entity described in subsection(a) must
626	626	20 register with the Department if the person or entity owns or
627	627	21 acquires more than a de minimis indirect interest in real
628	628	22 property in this State. The Department must establish a form
629	629	23 for such registration which, at a minimum, must include the
630	630	24 following:
631	631	25 (1) The name of the owner of the real property.
632	632	26 (2) The address of the real property, the property
633	633
634	634
635	635
636	636
637	637
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643	643	1 appraiser's parcel identification number, and the
644	644	2 property's legal description.
645	645	3 (f) A person or entity that fails to timely file a
646	646	4 registration with the Department is subject to a civil penalty
647	647	5 of $1,000 for each day that the registration is late. The
648	648	6 Department may place a lien against the unregistered real
649	649	7 property for the unpaid balance of any penalties assessed
650	650	8 under this paragraph.
651	651	9 (g) Notwithstanding subsection (a), a person or an entity
652	652	10 described in subsection (a) may acquire real property in this
653	653	11 State on or after the effective date of this Act, by devise or
654	654	12 descent, through the enforcement of security interests, or
655	655	13 through the collection of debts, provided that the person or
656	656	14 entity sells, transfers, or otherwise divests itself of that
657	657	15 real property within 3 years after acquiring the real
658	658	16 property.
659	659	17 (h) At the time of purchase, a buyer of real property in
660	660	18 this State must provide an affidavit signed under penalty of
661	661	19 perjury attesting that the buyer is:
662	662	20 (1) not a person or entity described in subsection (a)
663	663	21 or that the buyer is a person described in subsection (a)
664	664	22 but is authorized to purchase the subject property; and
665	665	23 (2) in compliance with the requirements of this
666	666	24 Section.
667	667	25 The failure to obtain or maintain the affidavit does not
668	668	26 affect the title or insurability of the title for the real
669	669
670	670
671	671
672	672
673	673
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679	679	1 property or subject the closing agent to civil or criminal
680	680	2 liability, unless the closing agent has actual knowledge that
681	681	3 the transaction will result in a violation of this Section.
682	682	4 (i) If any real property is owned or acquired in violation
683	683	5 of this Section, the real property may be forfeited to the
684	684	6 State.
685	685	7 (j) The Department shall adopt rules to implement this
686	686	8 Section.
687	687	9 Section 900. The Property Owned By Noncitizens Act is
688	688	10 amended by changing Section 7 as follows:
689	689
690	690
691	691
692	692
693	693
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