The proposed bill seeks to strengthen the protection of military installations and state assets in Idaho by prohibiting foreign adversaries from acquiring or controlling specific types of land, such as agricultural, forest, and mineral rights. It amends Section 55-103 of the Idaho Code to explicitly bar foreign governments and state-controlled enterprises from these acquisitions, while introducing new provisions that require foreign principals from adversary countries to divest any controlling interests in the specified lands within 180 days of the act's effective date. Additionally, it mandates that these entities register their ownership with relevant state departments.

Furthermore, the bill establishes a new section, 55-115, which prohibits foreign adversaries from leasing or purchasing property within designated geographic boundaries, also requiring divestment within 180 days for any foreign principal that acquires control in these areas. It includes enforcement mechanisms allowing the attorney general to take legal action against non-compliant entities and offers incentives for whistleblowers reporting violations. The legislation emphasizes the importance of safeguarding state resources and national security, while also introducing provisions for whistleblower protections and clarifying the responsibilities of foreign entities regarding military installations. An emergency clause is included, stating that the act will take effect on July 1, 2025.

Statutes affected:
Bill Text: 55-103