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New Rules for Non-Citizen Real Estate Purchases in the US

This act introduces new rules for real estate purchases in the United States by non-citizens. Its main goal is to impose a tax on property acquisitions by individuals from countries that restrict US citizens from buying property there, and to increase transparency in such transactions. Citizens should be aware that these changes may affect the real estate market and the availability of certain properties.
Key points
A 50% tax will be imposed on real estate purchases in the US by individuals from countries that prohibit US citizens from acquiring property there.
All real estate purchase transactions by non-citizens must be reported to the Internal Revenue Service.
The State Department will annually publish a list of countries that restrict US citizens from purchasing real estate.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3588
Sponsor: Rep. Harrigan, Pat [R-NC-10]
Process start date: 2025-05-23
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Real Estate Reciprocity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3588.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-23.

What are the main provisions?

Key points include:

  • A 50% tax will be imposed on real estate purchases in the US by individuals from countries that prohibit US citizens from acquiring property there.
  • All real estate purchase transactions by non-citizens must be reported to the Internal Revenue Service.
  • The State Department will annually publish a list of countries that restrict US citizens from purchasing real estate.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Harrigan, Pat [R-NC-10].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Real Estate Economy