Ownership of land; prohibiting any foreign ownership of land. Effective date.

SB 1672 prohibits foreign government adversaries (nations designated as hostile by the U.S. State Department) from owning land in Oklahoma, excluding oil, gas, and mineral rights. It requires property transfer affidavits to verify compliance, with exemptions for business entities with CFIUS agreements, government transfers, and certain court orders. The law applies to all land ownership transfers recorded after November 1, 2026, and removes the Attorney General’s authority to create new exemptions beyond those specified. It directly affects foreign entities seeking to purchase or hold Oklahoma real estate, while allowing limited exceptions for regulated businesses and government actions.