The proposed bill introduces new regulations regarding land ownership and critical infrastructure agreements in Alaska. It establishes a new chapter in the law that prohibits certain nonresident persons and entities, particularly those identified as foreign adversaries by the U.S. Secretary of Commerce, from acquiring or leasing land within 100 miles of military installations. Exceptions are made for U.S. citizens and specific residential leases. Violations of this provision can lead to forfeiture of the land, with the Attorney General responsible for investigating and enforcing these regulations. Additionally, the bill outlines the rights of nonresident aliens to acquire and hold land, while imposing limitations on agricultural land ownership for foreign adversaries.

Furthermore, the bill restricts agreements related to critical infrastructure facilities with companies that are either owned or controlled by foreign adversaries or headquartered in such countries. This includes a wide range of facilities, such as those involved in manufacturing, energy, and transportation. The legislation aims to enhance security by preventing foreign adversaries from accessing or controlling critical infrastructure in Alaska. The bill is set to take effect on July 1, 2025.

Statutes affected:
SB0139A, AM SB 139, introduced 03/19/2025: 45.46.010, 34.87.020, 34.03.360, 34.87.010, 34.87.030, 34.87.050, 34.87.040, C.F.R, 34.87.070, 34.87.060, 34.87.090
SB0139B, AM SSSB 139, introduced 04/02/2025: 34.87.040, 34.87.020, C.F.R, 34.03.360, 34.87.010, 34.87.030, 34.87.050, 34.87.090