Bills would restrict foreign acquisition of land in Utah

  • 📰 sltrib
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 61%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A House panel unanimously advanced a bill aimed at blocking certain foreign entities from acquiring Utah land in the name of national security.

“To be put on this list, to be a restricted foreign entity, in this specific case, it would be China, the actual government of China, or one of their Chinese military companies,” the bill’s sponsor said.

“If they these entities currently own land, they would have five years to sell it or get rid of it,” she told the House Government Operations Committee Friday. “But if they don’t, it would return back to the state.” But Pierucci assured the bill would not affect Chinese nationals’ ability to acquire land unless they were working for a company that was acting on behalf of the Chinese government.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 316. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines