Bill 119 HR 809, also known as the "Chinese Communist Party Real Estate Prohibition Act," aims to prevent members of the Chinese Communist Party (CCP) and entities affiliated with the CCP from purchasing real estate in the United States. The bill directs the President to take necessary actions to prohibit these individuals and entities from acquiring public or private property within the country.
The rationale behind this legislation is to address concerns about potential national security risks posed by CCP members and affiliated entities owning real estate in the US. Supporters of the bill argue that allowing CCP members to purchase property in the US could potentially give the Chinese government undue influence over American soil.
If passed, the bill would require the President to implement measures to enforce the prohibition on CCP-related real estate purchases. This could include imposing sanctions or other penalties on individuals or entities found to be in violation of the law.
Critics of the bill may argue that it unfairly targets individuals based on their political affiliation and could potentially have negative economic consequences for the real estate market. However, proponents believe that the potential national security benefits outweigh these concerns.
Overall, Bill 119 HR 809 seeks to address national security concerns by restricting CCP members and affiliated entities from purchasing real estate in the United States. The bill aims to protect American interests and prevent foreign influence over domestic property ownership.