The proposed bill aims to prohibit foreign ownership of real property within designated zones near critical infrastructure and military installations in Wyoming. It establishes a "critical infrastructure/military installation zone" defined as the area within ten miles of such sites, and outlines the responsibilities of the Wyoming Office of Homeland Security and county clerks in enforcing these prohibitions. Prohibited foreign parties, defined as individuals or entities from countries identified as foreign adversaries, are barred from acquiring or holding real property in these zones. If a prohibited foreign party does acquire such property, they must divest within eight months of receiving notice from the Office of Homeland Security, or face legal action for divestiture.

Additionally, the bill mandates that prohibited foreign parties register their property ownership with the Secretary of State starting July 1, 2026, and imposes penalties for non-compliance. The Secretary of State is required to share registration information with the Office of Homeland Security, which will also designate critical infrastructure zones and provide necessary information to county assessors. The bill includes provisions for criminal penalties for violations, appropriates funds for the implementation of these measures, and requires rulemaking to ensure effective enforcement. The act will take effect only if a constitutional amendment is made to allow such prohibitions on foreign ownership in Wyoming.

Statutes affected:
25LSO-0311 v0.5: 19-13-105, 34-1-143, 39-13-103, 39-13-107