Overview of Foreign Investment Legislation
April 16, 2024
As we have previously covered, Georgia’s governor is considering legislation that would limit certain foreign investments in commercial real estate and agriculture.
What's next: Governor Brian Kemp (R-GA) has 40 days from March 30 to sign or veto the SB 420. If he does not act, the bill becomes law.
Why it matters: The limitation on foreign investment and ownership in real estate follows the trend of over a dozen other states that have enacted similar provisions, most notably Florida SB 264.
CREFC has prepared a high-level overview of federal and state proposals related to foreign investment in real estate.
Contact David McCarthy (dmccarthy@crefc.org) with any questions.