What is the current status of S 176?

S 176 is currently: Introduced.

S 176 was sponsored by Tom Cotton (R), Sen.

Real Estate Purchase Ban for China

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Foreign Relations.

Why This Matters

This bill stops citizens and companies from China from buying property in the United States to protect national security.

If you are a U.S. property owner, this bill could affect the real estate market by limiting foreign buyers.

Who this affects

Chinese citizens · Chinese companies · U.S. property owners

What changes is this bill making?

1This bill prohibits citizens and entities from China from buying real estate in the United States.
2The President must take action to enforce this ban starting from the bill's enactment date.
3If Chinese ownership of U.S. real estate poses a national security risk, it must be sold within one year.
4Refugees from China and those granted asylum can still purchase real estate in the U.S.
5The bill also updates penalties related to foreign investments in agriculture.

Last changed 25 days ago · checked hourly