The Military Installation and Critical Infrastructure Protection Act of 2026 aims to enhance the security of agricultural land and critical infrastructure in Oklahoma by prohibiting foreign principals from owning or controlling such properties. The bill specifically prohibits foreign entities from owning more than a 25% interest in agricultural land and requires any foreign principal currently holding such land to divest within 180 days of the act's effective date. It also establishes registration requirements for foreign ownership and invalidates any existing contracts that conflict with these provisions. The Attorney General is empowered to enforce these regulations, including initiating court actions for non-compliance and overseeing the judicial foreclosure of properties held in violation of the law. Additionally, the act restricts foreign ownership of real property within ten miles of military bases, incentivizes whistleblowers, and allows the Oklahoma Department of Agriculture, Food, and Forestry to adopt rules for implementation.

Moreover, the bill introduces new regulations regarding contracts related to critical infrastructure, prohibiting governmental entities from engaging with foreign principals unless certain conditions are met, such as the absence of reasonable alternatives or preapproval by the Attorney General. Companies seeking access to critical infrastructure must file a certification form, pay a fee, and ensure that employees with access undergo background checks, with foreign nationals prohibited from such access. The legislation mandates that all software used in state infrastructure must not include products from federally banned corporations or foreign entities, requiring their removal and replacement without additional permits, provided proper notification is given. The Office of the Attorney General will establish a reporting process for non-notified transactions and may submit relevant information to the Committee on Foreign Investment in the United States. The act is set to take effect on November 1, 2026.