Wisconsin Senate Bill SB264

Wisconsin 2023-2024 Regular Session

• Introduced: 5/2/23
• Refer: 5/2/23
• Failed: 4/15/24

Caption

Prohibiting a foreign adversary from acquiring agricultural or forestry land in this state.

Impact

The legislation retains existing limitations on foreign ownership of agricultural and forestry land while adding a stricter provision against foreign adversaries. Currently, non-resident aliens or entities can own a maximum of 640 acres of land for agricultural purposes. However, this new bill further restricts foreign adversaries from acquiring any such lands, effectively tightening the regulatory framework on land ownership and safeguarding state resources against potential international threats.

Summary

Senate Bill 264 aims to prohibit foreign adversaries from acquiring agricultural or forestry land within the state. The bill defines a 'foreign adversary' as a foreign government or non-government entity deemed by the federal Secretary of Commerce to have engaged in conduct that poses a risk to national security. This legislative measure is introduced in response to concerns regarding foreign entities controlling and potentially threatening critical domestic resources such as farmland and forests.

Contention

Bill 264 is reflective of ongoing national discussions about foreign ownership of U.S. resources. Proponents argue that the measure is essential in safeguarding American agricultural interests and ensuring food security. Conversely, opponents may raise concerns regarding potential overreach or unintended economic consequences, as the bill could hinder legitimate foreign investment in agricultural sectors. This tension mirrors a broader debate over balancing national security with economic opportunities.