Protecting critical infrastructure from foreign adversaries.
The bill specifically targets real estate transactions that could compromise state security, emphasizing the need for a thorough review process by the Office of Homeland Security. It stipulates that any foreign entity wishing to acquire property in these critical zones must submit an application, which includes detailed information about their intended use and ownership interests. If a prohibited foreign party obtains property without the necessary approval, they are compelled to divest the property under specified conditions.
Senate File 0076, titled 'Protecting critical infrastructure from foreign adversaries', seeks to establish a framework governing the conveyance of real property located within critical infrastructure zones in Wyoming. The bill mandates that any conveyance to a 'prohibited foreign party' must receive prior approval from the Wyoming Office of Homeland Security. This provision is enforced from July 1, 2025, aiming to prevent foreign entities deemed a potential threat from gaining access to or proximity to essential state facilities and services.
Notable contention surrounding SF0076 involves concerns over the definition of 'prohibited foreign parties' and the implications for resident aliens. The bill makes an exception for resident aliens, allowing them to engage in property transactions under the same conditions as U.S. citizens. This inclusion raises questions about how foreign ownership may be perceived and regulated differently for different groups under the law. Further discussions may revolve around the balance between safeguarding state interests and ensuring fair property ownership rights.