To direct the President to take such actions as may be necessary to prohibit the purchase of public or private real estate located in the United States by an foreign governments.

12/29/2022, 6:18 PM

This bill requires the President to take actions necessary to bar foreign governments from purchasing public or private real estate in the United States.

Bill 117 hr 8603, also known as the "Prohibition of Foreign Government Real Estate Purchases Act," aims to prevent foreign governments from purchasing real estate in the United States. The bill directs the President to take any necessary actions to enforce this prohibition, whether it be through executive orders or other means.

The rationale behind this bill is to protect national security interests and prevent foreign governments from gaining undue influence or control over American land. By restricting foreign government real estate purchases, the bill seeks to safeguard the integrity of US territory and prevent potential threats to national security.

If passed, this legislation would have significant implications for foreign governments looking to invest in US real estate. It would require the President to actively enforce the prohibition and take steps to prevent any such purchases from occurring. Overall, Bill 117 hr 8603 represents a proactive measure to safeguard US interests and prevent potential threats from foreign governments acquiring American real estate. It underscores the importance of protecting national security and ensuring the integrity of US territory.
Congress
117

Number
HR - 8603

Introduced on
2022-07-29

# Amendments
0

Sponsors
+5

Variations and Revisions

7/29/2022

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This bill requires the President to take actions necessary to bar foreign governments from purchasing public or private real estate in the United States.

Bill 117 hr 8603, also known as the "Prohibition of Foreign Government Real Estate Purchases Act," aims to prevent foreign governments from purchasing real estate in the United States. The bill directs the President to take any necessary actions to enforce this prohibition, whether it be through executive orders or other means.

The rationale behind this bill is to protect national security interests and prevent foreign governments from gaining undue influence or control over American land. By restricting foreign government real estate purchases, the bill seeks to safeguard the integrity of US territory and prevent potential threats to national security.

If passed, this legislation would have significant implications for foreign governments looking to invest in US real estate. It would require the President to actively enforce the prohibition and take steps to prevent any such purchases from occurring. Overall, Bill 117 hr 8603 represents a proactive measure to safeguard US interests and prevent potential threats from foreign governments acquiring American real estate. It underscores the importance of protecting national security and ensuring the integrity of US territory.
Alternative Names
Official Title as IntroducedTo direct the President to take such actions as may be necessary to prohibit the purchase of public or private real estate located in the United States by an foreign governments.

Policy Areas
International Affairs

Comments

Recent Activity

Latest Summary12/23/2022

This bill requires the President to take actions necessary to bar foreign governments from purchasing public or private real estate in the United States.


Latest Action7/29/2022
Referred to the House Committee on Foreign Affairs.