Texas bill would prevent Chinese citizens from owning real estate there

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Texas bill would prevent Chinese citizens from owning real estate there

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Texas bill would prevent Chinese citizens from owning real estate there

^{Published on 2025-05-09 12:46:33 - Fortune}

People from Iran, North Korea and Russia. also on the list - and the governor could add more.

The Texas House of Representatives passed a bill on May 9, 2025, aimed at banning real estate purchases by entities and individuals from China, as well as from Iran, North Korea, and Russia, citing national security concerns. The legislation, which passed with a vote of 128-14, prohibits these foreign entities from buying land, homes, and other real estate in Texas, with exceptions for U.S. citizens and legal permanent residents from these countries. The bill now moves to the Texas Senate for consideration, amid ongoing debates about foreign ownership of American real estate and its implications for national security.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/09/texas-house-china-real-estate-ban/ ]