govt.fyi
Back to HB 1788
Tennessee General Assembly· HB 1788Sponsor(s) Added.

Real Property - As enacted, enacts the "Sen. Frank Niceley National Security and Economic Protection Act." - Amends TCA Title 66, Chapter 2, Part 3. Companion bill has been assigned Public Chapter Number 733 by the Secre, the official text

Shown verbatim: the complete text as captured from the official PDF posted by the Tennessee General Assembly, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. This is the chaptered version. The official bill page.
~•     :.Ii''•• F )"H)"

    -s::'=~~::;::, 1 ;~ :

      State f/Jennessee

                             PUBLIC CHAPTER NO. 733

                                                   SENATE BILL NO. 2424

                           By Crowe, Bailey, Bowling, Lowe, Reeves, Rose, Stevens

                                           Substituted for: House Bill No. 1788

                           By Reedy, Moody, Russell, Fritts, Reneau, Lafferty, Cepicky

AN ACT to amend Tennessee Code Annotated, Title 66, Chapter 2, Part 3, relative to real property
          ownership.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:

          SECTION 1. Tennessee Code Annotated, Title 66, Chapter 2, Part 3, is amended by adding
the following as a new section:

                    This part is known and may be cited as the "Sen. Frank Niceley National Security and
          Economic Protection Act."

          SECTION 2. Tennessee Code Annotated, Section 66-2-305, is amended by deleting the
section and substituting instead:

                    (a)(1) A prohibited foreign-party-controlled business or a prohibited foreign party shall
                    not acquire by grant, purchase, devise, descent, or otherwise an interest in non-
                    agricultural land in this state.

                              (2) A party shall not hold an interest in non-agricultural land as an agent,
                    trustee, or other fiduciary for a prohibited foreign-party-controlled business or a
                    prohibited foreign party.

                              (3) A prohibited foreign-party-controlled business or a prohibited foreign party
                    that acquires non-agricultural land in violation of this section remains in violation as
                    long as the prohibited foreign-party-controlled business or the prohibited foreign party
                    holds an interest in ·the non-agricultural land.

                    (b)(1) A prohibited foreign-party-controlled business or a prohibited foreign party in
                    violation of this section shall divest itself of the interest in non-agricultural land within
                    two (2) years of the date the entity is found to be in violation.

                              (2) If a prohibited foreign-party-controlled business or a prohibited foreign
                    party does not divest itself of the interest in non-agricultural land as prescribed in
                    subdivision (b)(1), then the attorney general and reporter may commence an action
                    pursuant to § 66-2-307.

                    (c) A violation of this section is a Class A misdemeanor, punishable by a fine of one
          thousand five hundred dollars ($1,500) or confinement for not more than eleven (11) months
          and twenty-nine (29) days, or both.

          SECTION 3. Tennessee Code Annotated, Section 66-2-306, is amended by deleting the
section and substituting instead:

                    (a) A prohibited foreign-party-controlled business or a prohibited foreign party that
          holds an interest in non-agricultural land in this state on or after January 1, 2025, shall
          register the interest in such land with the secretary of state.

                    (b) Registration pursuant to subsection (a) must be made:
SB 2424

                              (1) In such form and manner as prescribed by the secretary of state; and

                              (2) Within the later of sixty (60) days after:

                                        (A) For a prohibited foreign-party-controlled business, January 1, 2025;

                                        (8) For a prohibited foreign party, January 1, 2027; or

                                        (C) The date the prohibited foreign-party-controlled business or the
                              prohibited foreign party acquires the interest in non-agricultural land.

                    (c) The secretary of state shall require that registration pursuant to this section
          includes:

                              (1) The legal name, street address, mailing address, if different, and the
                    birthplace and nationality of the prohibited foreign party or the prohibited foreign party
                    that owns a controlling interest in the prohibited foreign-party-controlled business that
                    owns the interest in non-agricultural land;

                              (2) The legal name, street address, mailing address, if different, and the
                    birthplace and nationality of the agent, trustee, or fiduciary of the prohibited foreign
                    party or prohibited foreign-party-controlled business described in subdivision (c)(1}, if
                    specifically authorized to:

                                        (A) Purchase the non-agricultural land; or

                                        (8) Supervise the daily operations on the non-agricultural land;

                              (3) A statement of the purpose for conducting business in this state;

                              (4) A description of the purpose of the interest in non-agricultural land in this
                    state as it relates to the stated business purpose of subdivision (c)(3);

                              (5) The legal name, street address, and mailing address of any parent of the
                    registering party, including the legal name, street address, and mailing address of any
                    subsidiary or intermediary of the parent;

                              (6) The legal name, street address, and mailing address of any subsidiary of
                    the registering party; and

                              (7) A listing of all other interests in non-agricultural land that are held directly
                    or indirectly by the registering party, parent of the registering party, or subsidiary or
                    intermediary of the parent in the United States that exceeds, in the aggregate, two
                    hundred fifty (250) acres.

                    (d) If the secretary of state finds that a prohibited foreign-party-controlled business or
          a prohibited foreign party has acquired or holds title to or an interest in non-agricultural land
          in this state in violation of this part, then the secretary of state shall report the violation to the
          attorney general and reporter.

                    (e) If the secretary of state finds that a prohibited foreign-party-controlled business or
          a prohibited foreign party violated this part by failing to timely register as required under this
          section, then the secretary of state shall assess a civil penalty not to exceed two thousand
          dollars ($2,000) for each violation.

          SECTION 4. Tennessee Code Annotated, Section 66-2-302(9)(8), is amended by deleting
the subdivision and substituting instead:

                    (8) Does not mean a qualified alien;

          SECTION 5. Tennessee Code Annotated, Section 66-2-302, is amended by adding the
following as a new subdivision:

                    () "Qualified alien" means a qualified alien as defined by 8 U.S.C. § 1641(b);

          SECTION 6. This act takes effect July 1, 2026, the public welfare requiring it.

                                                                 2

                                                                   ---~~-- ---- -- --~--
         SENATE BILL NO. 2424

PASSED:  March 26, 2026

         u. ... ~, ~ --- L- .,-=_-,0,-..~ -
                                       RAND'YM~_ALLY
                                  SPEAKER OF THE SENATE

                         CAMERCJN.@IEXTON,SPEAKER

                         HOUSE OF REPRESENTATIVES

APPROVED this .. 13-IL day of ,/\x;f       2026

         ~~
                       BILL LEE, GOVERNOR
Every fact on this page links to its source, starting with the official bill record.