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Prohibition on Real Estate Purchases in US by China Citizens and Entities

This new law aims to prohibit citizens and entities from the People's Republic of China from purchasing real estate in the United States. If they already own properties deemed a national security risk, they may be required to sell them. The goal is to protect US national security.
Key points
Real Estate Purchase Ban: Citizens and entities from China will be prohibited from buying any real estate in the US.
Mandatory Sale: Properties already owned by Chinese parties that pose a US security risk may be forced to sell within one year.
Exceptions: The ban does not apply to Chinese refugees or properties owned by US citizens or lawful permanent residents.
Penalty Changes: Minimum and maximum penalties for not reporting foreign agricultural investments have been adjusted.
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Status: Introduced
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Additional Information
Print number: 119_S_176
Sponsor: Sen. Cotton, Tom [R-AR]
Process start date: 2025-01-22