On May 11, OKL LEG enacted bill on foreign ownership restrictions.
OKL LEG enacted HB 3431 on restrictions of foreign government adversaries.
Amends OKL LEG 60-121 (alien or foreign government adversary land ownership).
Bill Provisions
Adds provision to land ownership section prohibiting foreign government adversaries from owning or leasing interests in oil or gas, or any mineral interest in the state.
Legislative History
On Feb. 2, 2026, bill introduced in House; on Mar. 23. 2026, bill passed in House.
On Mar. 24, 2026, bill introduced in Senate; on Apr. 29, 2026, bill passed in Senate.
On May, 11, 2026, bill was approved by the Governor.
Effectiveness
HB 3431 becomes effective on Nov. 1, 2026.
Regulators
OKL LEG
Entity Types
Corp
Reference
Act, Bill, HB3431, 5/11/2026; Citation: OKL LEG 60-121;
