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Foreign Real Estate Purchase Review
Recent Bills/Foreign Real Estate Purchase Review

Foreign Real Estate Purchase Review

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
More:Recently Introduced BillsDefense and VeteransSenate Bills
Why This Matters

This bill requires the government to review any real estate purchases or leases near military sites made by certain foreign individuals to protect national security.

If you are a foreign investor from Russia, China, Iran, or North Korea, your property purchase near military areas will face extra scrutiny.
Who this affects
foreign investors · specific countries · U.S. military locations
What changes is this bill making?
  1. 1This bill requires a review of real estate purchases near military sites by certain foreign individuals.
  2. 2It specifically targets foreign persons connected to Russia, China, Iran, or North Korea.
  3. 3The review applies to properties within 100 miles of military installations or 50 miles of military airspace.
  4. 4The bill aims to enhance national security by monitoring foreign investments in sensitive areas.
  5. 5It updates existing laws to include these specific real estate transactions for scrutiny.
Read the detailed summary

Lake Winnibigoshish Land Exchange Act of 2025This bill directs the Forest Service to exchange specified land along the shoreline of Lake Winnibigoshish (commonly known as Lake Winnie) in the Chippewa National Forest in Minnesota for specified land owned by Big Winnie Land and Timber, LLC (BWLT), if BWLT offers to make the exchange. The land acquired by the Forest Service must be added to and managed as part of Chippewa National Forest. The bill outlines requirements and conditions for the exchange. For example, the Forest Service must reserve an easement for road access to certain land in the forest. The bill also conditions the exchange on the satisfactory completion of a Phase I Environmental Site Assessment by BWLT before the nonfederal land is accepted in the exchange. In addition, the exchange must be for equal value or the values must be equalized by a cash payment, subject to an exception. Finally, the bill directs BWLT to pay all closing costs associated with the exchange.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 3, 2025

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors
See all 3 sponsors
Senate
House
President

The President

Donald Trump
President
Awaiting Vote
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