The failed measure would restrict certain foreign-linked people and organizations from holding Wisconsin real estate and bar condemnation for wind or solar projects.
People and organizations defined as foreign principals may not acquire, own, or hold Wisconsin real estate, directly or through others. The definition depends in part on a federal list of foreign adversaries.
A person found to be a foreign principal after the effective date would have up to 180 days from that determination to give up property interests held in violation of the ban.
A real estate interest acquired, owned, or held in violation of the section would be forfeited to Wisconsin.
Government could not use condemnation to acquire property for developing or helping operate a wind or solar energy facility.
A foreign principal may not acquire, own, or hold any interest in Wisconsin real property, directly or indirectly. The definition includes listed foreign governments and officials, certain individuals without permanent-resident status or a valid visa, certain businesses and investment funds, entities with at least 50 percent foreign ownership or control, and their agents. A country or other listed party counts as a foreign adversary only while included on the federal list named in the text. The ban applies only to people and organizations meeting the stated definitions. The ban applies to property interests acquired on or after the section’s effective date, which is left blank in the enrolled text.
A person determined to be a foreign principal after the effective date must give up property interests held in violation of the ban. It covers people determined to be foreign principals after the section takes effect. The rule applies only to interests held in violation of the ban. The 180-day period starts on the date of the determination. Property acquired before the effective date is not subject to divestiture under this section.
An interest in real property held in violation of the section is forfeited to the state. This applies to real property interests covered by the section. Only interests acquired, owned, or held in violation of the section are covered. The section applies to interests acquired on or after its effective date, which is left blank in the enrolled text. Earlier interests are not subject to forfeiture under this section.
Property may not be acquired through condemnation to develop or help operate a wind or solar energy facility. The restriction covers condemnation to develop or help operate wind and solar energy facilities.
No hearings or votes scheduled.