Mississippi Senate Bill SB2089

Mississippi 2023 Regular Session

• Introduced: 1/9/23
• Refer: 1/9/23
• Failed: 1/31/23

Caption

Land ownership; prohibit certain entities from.

Impact

The implications of SB2089 are significant as they redefine the legal landscape regarding land acquisition by nonresident aliens in Mississippi. By precluding foreign ownership from certain nations, the bill aims to protect local resources and uphold state sovereignty in land-use decisions. This law could affect various sectors that require land for development, potentially deterring investments from those entities restricted by this bill. While it may protect state interests, it could also limit opportunities for economic partnerships that involve foreign investors compliant with other regulations.

Summary

Senate Bill 2089 seeks to amend Section 89-1-23 of the Mississippi Code of 1972 to impose restrictions on land ownership for nonresident aliens. Specifically, it prohibits any entity or nonresident alien from owning land in Mississippi if they are from a country that is deemed hostile to U.S. interests or recognized as a violator of human rights. This measure aims to safeguard state interests against foreign ownership and interference in local land affairs, particularly from nations that may threaten U.S. values or security.

Contention

Notable points of contention surrounding SB2089 include the potential impact on economic growth and international relations. Proponents argue that the bill is necessary for protecting national security and preventing hostile entities from acquiring strategic assets in the state. Conversely, critics may argue that such restrictions could alienate beneficial foreign investments and harm the economic landscape in Mississippi. The argument hinges on balancing security concerns while fostering an open economic environment that welcomes legitimate investment without compromising state integrity.