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Sponsors: Reps. Haddon, Long, Chumley, Magnuson, Burns, Thayer, Oremus, Jones, Trantham, Gilliam, Davis, Forrest, Gagnon and McCabe
Document Path: l:\council\bills\nbd\11297sa22.docx
Introduced in the House on January 20, 2022
Currently residing in the House Committee on Judiciary
Summary: Real estate
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/20/2022 House Introduced and read first time (House Journal-page 34) 1/20/2022 House Referred to Committee on Judiciary (House Journal-page 34) 1/27/2022 House Member(s) request name added as sponsor: Gilliam, Davis, Forrest, Gagnon, McCabe
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VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 27-1-80 SO AS TO PROVIDE THAT CERTAIN COMPANIES OWNED, IN WHOLE OR IN PART, BY THE PEOPLE'S REPUBLIC OF CHINA OR THE CHINESE COMMUNIST PARTY MAY NOT OWN, LEASE, POSSESS, OR EXERCISE ANY CONTROL OVER MORE THAN ONE HUNDRED ACRES OF REAL ESTATE IN THIS STATE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 1, Title 27 of the 1976 Code is amended by adding:
"Section 27-1-80. (A) Any company or development owned or controlled by a company that is owned, in whole or in part, by, or is a subsidiary of, a company that is owned by the People's Republic of China or the Chinese Communist Party or whose principal place of business is located within the People's Republic of China may not own, lease, possess, or exercise any control over more than one hundred acres of real estate in this State.
(B) For purposes of this section:
(1) 'Chinese Communist Party' includes all agencies, institutions, and instrumentalities of the Chinese Communist Party.
(2) 'Company' or 'development' means a sole proprietorship, organization, association, corporation, partnership, trust, venture, group, subgroup, or any other entity or organization, its subsidiary or affiliate that exists for-profit-making purposes or to otherwise secure economic advantage.
(3) 'People's Republic of China' includes all agencies, institutions, instrumentalities, and political subdivisions of the People's Republic of China."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on January 27, 2022 at 12:08 PM