The bill amends the Code of West Virginia by introducing a new article that prohibits foreign adversaries from owning or possessing real property in the state. Specifically, it restricts the People's Republic of China and its citizens, who are not resident aliens or U.S. citizens, from acquiring any real estate or mineral interests in West Virginia. Additionally, it empowers a majority of state officials, including the Governor and Attorney General, to identify foreign governments and entities deemed hostile to U.S. interests, thereby prohibiting them from owning real estate in the state. The bill also mandates that any foreign entities currently owning real estate must divest their interests within six months of the law's effective date.

To enforce these prohibitions, the bill establishes a judicial sale process for any illegally owned real estate, allowing the Attorney General to file civil actions against non-compliant entities. It includes provisions for good faith protections, ensuring that prior violations by previous owners do not invalidate current titles, and clarifies that individuals not subject to the prohibitions are not required to investigate the status of others. The bill aims to safeguard West Virginia's real estate from foreign adversaries while providing a clear framework for enforcement and compliance.

Statutes affected:
Introduced Version: 37-3A-1, 37-3A-2
Committee Substitute: 37-3A-1, 37-3A-2
Engrossed Committee Substitute: 37-3A-1, 37-3A-2
Enrolled Committee Substitute: 37-3A-1, 37-3A-2, 37-3A-3, 37-3A-4, 37-3A-5