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Prohibiting Chinese Communist Party from Buying US Real Estate

This act aims to protect national security by prohibiting members of the Chinese Communist Party and those acting on their behalf from purchasing real estate in the United States. These changes are intended to prevent potential threats related to foreign entities controlling strategic land. Additionally, penalties for not disclosing foreign agricultural investments have been increased to ensure greater transparency in this area.
Key points
Prohibits the purchase of US real estate by Chinese Communist Party members and those acting on their behalf.
Increases penalties for not disclosing foreign agricultural investments, enhancing oversight of land ownership.
Defines "foreign person" and "United States person" to clarify who is subject to the new rules.
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Additional Information
Print number: 117_S_4703
Sponsor: Sen. Cotton, Tom [R-AR]
Process start date: 2022-08-02