Starting July 1, 2027, foreign principals from U.S.-designated adversary countries would face property limits and new restrictions on Oklahoma infrastructure access, contracts, and software.
Foreign principals from countries treated as U.S. adversaries would face limits on agricultural land and property near military sites or critical infrastructure, with some exceptions.
Infrastructure providers and government entities would face limits on foreign-adversary access, contracts, products, and software, subject to a narrow Attorney General approval exception.
People could report suspected property violations and receive 20% of qualifying sale proceeds, while the Attorney General would collect and report information about certain foreign investments.
Foreign principals from foreign-adversary countries would be barred from owning, acquiring, or holding most agricultural land and certain nearby real property. The rules cover agricultural land anywhere in Oklahoma and real property within 10 miles of a military base, military operating area, or critical infrastructure. Agricultural-land ownership through certain small public-company investments is exempt. A foreign principal may acquire or keep agricultural land with a qualifying national-security agreement from the Committee on Foreign Investment in the United States. Conflicting agreements may be invalid, and the Attorney General may seek a court-ordered sale if required divestment does not occur. The act would take effect July 1, 2027; covered agricultural land and nearby property would generally have to be sold, transferred, or otherwise given up within 180 days after that date.
Infrastructure providers would have to block covered foreign principals from accessing critical infrastructure, while government entities could not generally contract with them or use their products or services. The rules apply to critical infrastructure in Oklahoma, including infrastructure operated, repaired, built, or significantly accessed by an entity, and to state infrastructure software serving Oklahoma. A contract or product may be used only if no other reasonable option exists, the Attorney General approves it in advance, and avoiding it would pose a greater threat to the state. State infrastructure may not use software from foreign adversaries, their state-owned companies, or federally banned companies or software. Providers replacing prohibited software would not need extra state or local permits if they give proper notice and use similar replacement software. These requirements would apply when the act takes effect on July 1, 2027, including software already operating in covered state infrastructure.
The Attorney General would receive referrals, pursue violations, and create a process for reporting certain unreported foreign investments; people whose referrals lead to a forced sale could receive a reward. Any individual could report suspected violations involving restricted property, and local officials, state officials, or other people could submit information about non-notified foreign investments in Oklahoma. A whistleblower reward would equal 20% of qualifying land-sale proceeds after required sale costs, approved Attorney General expenses, and lienholder payments. The Attorney General could report identified non-notified transactions to the federal Committee on Foreign Investment in the United States. The Attorney General would retain submitted documents and notify the Legislature and Governor after sending a report or memorandum. The whistleblower enforcement provision would begin 180 days after the act’s July 1, 2027, effective date; the reporting process would be established under the act.
No hearings or votes scheduled.