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Prohibition on Foreign Governments Buying US Real Estate

This bill aims to prevent foreign governments from purchasing real estate in the United States. This includes both public and private land, as well as purchases made through shell corporations controlled by these governments. The goal is to protect US property from foreign influence.
Key points
The President of the United States will be required to take action to prohibit foreign governments from purchasing real estate in the U.S.
The ban applies to both public and private real estate, including those acquired through shell corporations owned or controlled by foreign governments.
The definition of the United States includes all states, the District of Columbia, and U.S. territories and possessions.
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Additional Information
To direct the President to take such actions as may be necessary to prohibit the purchase of public or private real estate located in the United States by an foreign governments.
Print number: HR 8603
Sponsor: Rep. Cawthorn, Madison [R-NC-11]
Process start date: 2022-07-29