This bill would prohibit nationals and businesses from China, Russia, North Korea, Iran, Cuba, Venezuela (under Nicolás Maduro), and designated foreign terrorist organizations from purchasing real estate anywhere in the United States, including its territories and possessions. The President would be authorized to take necessary actions to enforce this prohibition on both residential and commercial property purchases by these foreign entities and their agents. The bill does not specify implementation timelines or funding amounts, instead delegating enforcement authority to the executive branch. The legislation aims to prevent what sponsors view as foreign adversaries from acquiring American land and property assets, though it does not address existing foreign-owned properties or specify enforcement mechanisms and penalties.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.