Real Property - As enacted, makes changes to law regarding restrictions on land purchases by sanctioned aliens or foreign entities. - Amends TCA Title 66, Chapter 2, Part 3.

HB 2547 amends Tennessee law to restrict land purchases by foreign entities or sanctioned individuals. It lowers the ownership threshold requiring review from 33% to 10% for "prohibited foreign parties" controlling businesses, and explicitly includes mineral rights (oil, gas, coal, brine) and water resources in land transactions. The bill requires foreign entities to comply with new deadlines - within 60 days of January 1, 2025, or after being designated as restricted - to report or divest land holdings. Exceptions apply for entities approved by the U.S. Committee on Foreign Investment (CFIUS) or with prior national security clearances. This directly affects foreign-owned businesses seeking to purchase agricultural or non-agricultural land in Tennessee.