The proposed bill establishes regulations in Wyoming to prohibit the conveyance of real property near critical infrastructure to foreign adversaries. Starting July 1, 2025, any foreign party seeking to acquire such property must apply for approval from the Office of Homeland Security, which will review applications, conduct investigations, and assess potential risks to state security. If a conveyance is deemed a violation, the foreign party will be required to divest from the property within a specified timeframe. The bill also allows resident aliens to acquire property under the same conditions as U.S. citizens, provided they maintain residency in Wyoming.

Additionally, the bill introduces significant changes regarding the confidentiality of investigations, stating that information obtained will not be public record but may be shared with governmental entities when necessary. It mandates that taxpayer assessment schedules include a statement about the application requirement for foreign parties. The bill allocates funding for the Office of Homeland Security, authorizing two full-time positions and appropriating $209,800 from the general fund until June 30, 2026. The act is set to take effect on July 1, 2025, with certain provisions becoming effective immediately after legislative processes are completed.

Statutes affected:
Introduced: 19-13-105, 19-13-501, 19-13-502, 39-13-103, 39-13-107