❌ SB88
Enact the Ohio Property Protection Act
Summary
The Ohio Property Protection Act modifies laws prohibiting certain governments, businesses, and individuals from acquiring specific real property, particularly agricultural land and property near military installations or critical infrastructure. It establishes a registry of foreign adversaries and outlines penalties for violations, including divestment requirements for those who acquire property in violation of the act. The act requires certain disclosures and affirmations during property transfers to ensure compliance with these restrictions.
Rationale
The bill restricts property ownership based on nationality and government affiliation, which conflicts with the Libertarian principles of individual rights and property rights. It imposes government control over property transactions and limits the freedom of individuals and businesses to acquire property, undermining the core tenets of both the LP and LPO platforms.
Risks and Concerns
- Increased government control over property ownership
- Potential for discrimination based on nationality
- Unintended consequences for property markets