The bill aims to restrict foreign adversary ownership of land and other interests in Wyoming, defining "foreign adversary" as entities or individuals from countries designated as state sponsors of terrorism or foreign adversaries under federal law. It prohibits foreign adversaries from purchasing or acquiring land in Wyoming, except for personal residences on one acre or less. Those who do acquire such interests must register with the office of homeland security, providing details about the ownership and updating the registration annually. Failure to comply with these registration requirements incurs a civil penalty of $5,000 per day.

Additionally, the bill mandates that assessment schedules and tax statements include notices about the prohibition of foreign adversary ownership and the registration requirements. The county clerks are tasked with reporting any violations, and the attorney general is authorized to enforce compliance through legal action. The act will take effect only after a constitutional amendment is passed, ensuring that it does not affect existing property interests. The office of homeland security and the division of criminal investigation are responsible for creating the necessary rules to implement this legislation.

Statutes affected:
Introduced: 39-13-103, 39-13-107
Engrossed: 39-13-103, 39-13-107