HB 1032

Abstract

Prohibits a prohibited person from entering into a contract for the provision of goods or services with the state, a state agency, and a political subdivision. Requires agents acting on behalf of certain countries of concern to register with the attorney general. Establishes the foreign adversary enforcement fund. Requires schools and school corporations in Indiana to disclose certain foreign gifts and contracts. Requires public and private postsecondary educational institutions in Indiana to disclose certain foreign gifts and contracts. Prohibits certain individuals and business entities from acquiring: (1) an interest in business entities governed under Indiana law; and (2) real property located in Indiana. Requires certain individuals and business entities to divest their ownership of any interests in business entities or real property not later than January 1, 2026. Repeals existing statutes regarding foreign ownership of real property.