This bill mandates the Department of Emergency Services to conduct a comprehensive foreign adversary threat assessment, focusing on sectors and industries vulnerable to foreign influence, such as critical infrastructure, technology, agriculture, energy, and academia. The assessment will evaluate various forms of foreign influence beyond land acquisition, including strategic investments and partnerships, and will assess compliance with existing laws. The department is tasked with identifying unmonitored sectors, proposing mitigation strategies, and ultimately enhancing the state's ability to manage foreign adversarial influence while promoting economic growth and security.

By July 1, 2026, the department must produce a detailed report outlining its findings, which will include an analysis of threats and vulnerabilities, identification of critical risks, sector-specific mitigation recommendations, and a proposal for establishing a state intelligence unit for ongoing monitoring of foreign adversary threats. The report and any necessary proposed legislation will be presented to the legislative management by September 1, 2026. The findings will remain confidential and under the control of the Department of Emergency Services, classified as an exempt record under chapter 44-04.