Prohibition on Real Estate Purchases in US by Foreign Adversaries
This act aims to protect American real estate by prohibiting its purchase by individuals and entities associated with the governments of China, Russia, North Korea, Iran, and other designated adversaries. US citizens are not affected by this prohibition, and the changes are intended to enhance national security and control over land ownership.
Key points
The prohibition on real estate purchases in the US applies to nonresident aliens, foreign businesses, and entities associated with the governments of China, Russia, North Korea, Iran, and other designated adversaries.
The definition of "foreign adversary" includes China (including Hong Kong, excluding Taiwan), Cuba, Iran, North Korea, Russia, Venezuelan politician Nicolás Maduro, and designated foreign terrorist organizations.
The act applies to all states, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, Guam, the US Virgin Islands, and other US territories and possessions.
Status:
Expired
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