Protecting Against Foreign Adversary Investments: New Real Estate Purchase Rules
This act aims to enhance national security by more closely monitoring and controlling real estate purchases in the U.S. by foreign entities that could pose a threat. It introduces new rules that may affect foreign investors, but for the average citizen, it means greater protection of the nation's strategic assets. Citizens can feel more secure knowing the government is monitoring potential threats related to land ownership.
Key points
Strengthening control over real estate purchases in the U.S. by foreign entities deemed a national security concern.
Introducing mandatory declarations for certain real estate transactions exceeding $1 million in value or 100 acres in size, or their aggregate over 3 years.
Requiring government reports on risks associated with foreign real estate ownership and developing best practices for state and local officials.
Potential for retroactive mitigation measures or divestment orders for real estate posing a national security threat.
Expired
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