New York S 8722: Prohibits state chartered banking institutions from investing in and providing financing for private prisons

Bill Text

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S08722 Summary:

BILL NOS08722 

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SAME ASNo Same As

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SPONSORWEIK

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COSPNSRRHOADS

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MLTSPNSR

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Add Art 17 §§530 & 531, RP L

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Prohibits the sale or lease of agricultural and forest property and real property on or within ten miles of any military installation or critical infrastructure facility in the state to foreign countries of concern and foreign principals.

Go to top S08722 Actions:

BILL NOS08722 

&nbsp

01/07/2026REFERRED TO JUDICIARY

Go to topS08722 Committee&nbspVotes:

Go to topS08722 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS08722 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8722

 IN SENATE

 January 7, 2026
 ___________

 Introduced by Sen. WEIK -- read twice and ordered printed, and when
 printed to be committed to the Committee on Judiciary

 AN ACT to amend the real property law, in relation to prohibiting the
 sale or lease of certain types of real property in the state to
 foreign countries of concern and foreign principals

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The real property law is amended by adding a new article 17
 2 to read as follows:
 3 ARTICLE 17
 4 PROHIBITING THE SALE OF REAL PROPERTY TO FOREIGN COUNTRIES OF CONCERN
 5 Section 530. Definitions.
 6 531. Sale of real property to foreign countries of concern
 7 prohibited.
 8 § 530. Definitions. As used in this article the following terms shall
 9 have the following meanings:
 10 1. "Agricultural and forest property" means all real property used for
 11 raising, harvesting, and selling crops or for the feeding, breeding,
 12 management, raising, sale of, or the production of livestock, or for the
 13 growing and sale of timber and forest products.
 14 2. "Critical infrastructure facility" means any of the following:
 15 (a) A chemical manufacturing facility.
 16 (b) A refinery.
 17 (c) A plant or facility producing electric energy no matter how gener-
 18 ated or produced.
 19 (d) A water treatment facility or wastewater treatment plant.
 20 (e) A liquid natural gas terminal.
 21 (f) A telecommunications central switching office.
 22 (g) A gas processing plant, including any plant used in the process-
 23 ing, treatment, or fractionation of natural gas.
 24 (h) A seaport facility.
 25 (i) Aerospace or spaceport infrastructure.
 26 (j) An airport.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14334-01-6

 S. 8722 2

 1 3. "Foreign country of concern" means China, Iran, North Korea, and
 2 Russia. This term shall not include Taiwan.
 3 4. "Foreign principal" means any of the following:
 4 (a) The government or any official of the government of a foreign
 5 country of concern.
 6 (b) A political party or member of a political party or any subdivi-
 7 sion of a political party in a foreign country of concern.
 8 (c) A country or government identified on any sanctions list of the
 9 United States Department of the Treasury's Office of Foreign Assets
 10 Control.
 11 5. "Military installation" means a base, camp, post, station, yard, or
 12 center that is under the jurisdiction of the United States Department of
 13 Defense or its affiliates, encompassing at least ten contiguous acres.
 14 6. "Real property" means land, buildings, fixtures, and all other
 15 improvements to land.
 16 § 531. Sale of real property to foreign countries of concern prohibit-
 17 ed. 1. Notwithstanding any other provision of law, it shall be unlawful
 18 for any person or entity to lease, sell, offer to sell, convey or trans-
 19 fer to any foreign country of concern or foreign principal any interest
 20 in the following property located within the state:
 21 (a) agricultural and forest property; and
 22 (b) real property on or within ten miles of any military installation
 23 or critical infrastructure facility.
 24 2. No title insurer, title agent, real estate licensee, or other
 25 settlement provider as defined by the Real Estate Procedures Act, 12
 26 U.S.C. 2601 et seq., shall be liable for any violation of this article.
 27 3. Notwithstanding any other provision of law, the attorney general
 28 shall have the authorit