Real Property - As enacted, enacts the "Sen. Frank Niceley National Security and Economic Protection Act." - Amends TCA Title 66, Chapter 2, Part 3.

HB 1788 would prohibit certain foreign entities (including foreign-controlled businesses and individuals) from acquiring non-agricultural land in Tennessee. It requires existing owners of such land by foreign entities to register detailed information - like their nationality, purpose of ownership, and other U.S. land holdings - with the secretary of state by January 1, 2025. Violations of the acquisition ban are punishable as Class A misdemeanors, while failure to register incurs civil penalties up to $2,000 per violation. The bill directly affects foreign-controlled entities holding non-farm property in Tennessee, aiming to increase transparency around foreign ownership of land.