Bill 119 HR 458, also known as the "Prohibition on Foreign Adversaries and State Sponsors of Terrorism Purchasing Real Estate Act," aims to prevent foreign adversaries and state sponsors of terrorism from purchasing real estate in the United States. The bill seeks to protect national security interests by prohibiting these entities from acquiring public or private property within the country.
The legislation is designed to address concerns about potential threats posed by foreign entities acquiring real estate in the US, particularly those with hostile intentions towards the country. By restricting the ability of foreign adversaries and state sponsors of terrorism to purchase property in the US, the bill aims to safeguard against potential security risks and protect American interests.
If passed, the bill would establish clear guidelines and restrictions on the purchase of real estate by these entities, helping to ensure that US property remains in the hands of those who do not pose a threat to national security. The legislation would provide a framework for enforcement and penalties for violations, helping to deter foreign adversaries and state sponsors of terrorism from attempting to acquire real estate in the US.
Overall, Bill 119 HR 458 represents a proactive measure to safeguard national security interests and protect American property from potential threats posed by foreign adversaries and state sponsors of terrorism.