June 5, 2023 Group Watch: The Alabama Property Protection Act is Now Law
Governor Ivey has signed The Alabama Property Protection Act into law. It prohibits the governments of China, Iran, North Korea and Russia from purchasing certain property in the state, including property used for agriculture or forestry or property that is within 10 miles of military installations and other critical infrastructure, which includes airports, seaports, power plants, water and wastewater treatment plants, gas terminals and certain other facilities. ”Foreign principals of concern” are identified as the governments, government officials, political parties and political party members of the “foreign countries of concern,” which are listed as China, Iran, North Korea and Russia. “Foreign principals of concern” also include any country or government on the sanctions list of the U.S. Treasury Department’s Office of Foreign Asset Control.
