This bill prohibits certain companies owned or controlled by the People's Republic of China or the Chinese Communist Party from owning, leasing, possessing, or exercising control over agricultural or farm lands and land essential to critical industries in the state. The bill defines the terms "Chinese Communist Party," "company" or "development," and "People's Republic of China." Any person who fails to comply with this prohibition would be guilty of a felony. The bill would take effect on January 1, 2025.

The fiscal impact of this bill is indeterminable, as it may have an impact on the judicial and correctional systems, which could affect prosecution, incarceration, probation, and parole costs for the state, as well as county and local governments. The bill has been reviewed by the Judicial Branch, Judicial Council, Department of Justice, Department of Corrections, New Hampshire Association of Counties, and New Hampshire Municipal Association.