โŒ HB1

Enact Ohio Property Protection Act

Current Status: In House Committee (Public Safety)

Summary

The bill modifies laws prohibiting certain governments, businesses, and individuals from acquiring specific real properties, particularly agricultural land and properties near military installations or critical infrastructure. It establishes a registry of foreign adversaries and outlines penalties for violations, including divestment of property acquired in violation of the law. The bill requires property conveyance statements to include affirmations regarding the eligibility of the property for tax reductions and compliance with acquisition restrictions.

Rationale

The bill imposes restrictions on property ownership based on nationality and government affiliation, which conflicts with the Libertarian principles of individual rights and property rights. It introduces government control over property transactions and limits the freedom of individuals and businesses to acquire property, which is contrary to the core tenets of both the LP and LPO platforms.

Risks and Concerns

  • Increased government control over property rights
  • Potential discrimination based on nationality
  • Restrictions on free market transactions
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