To prohibit the purchase of American Housing supply by Foreign Countries, Adversaries, and Entities of Concern and to require the divestiture of existing housing ownership.
About This Bill
Committee
Latest Action · May 19, 2026
Referred to the House Committee on Foreign Affairs.
This bill would prohibit citizens and entities from foreign adversaries, state sponsors of terrorism, and designated countries of concern from purchasing residential property in the United States, effective immediately upon enactment. The legislation defines "covered persons" broadly to include foreign citizens from countries of concern, foreign corporations with any ownership stake by such individuals, and any entities affiliated with foreign adversaries or state sponsors of terrorism. Any foreign entities that already own housing in the United States would be required to divest their properties within two years and sell them to U.S. citizens or American corporations. The President would direct federal agencies to create and enforce regulations to implement the purchase ban and ensure compliance with the divestiture requirement. The bill affects foreign nationals and their affiliated entities seeking to own American residential properties, though it does not specify funding levels for enforcement or contain specific timelines beyond the two-year divestiture period.
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