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

Summary of Bill HR 8603

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.

Congressional Summary of HR 8603

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

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Current Status of Bill HR 8603

Bill HR 8603 is currently in the status of Bill Introduced since July 29, 2022. Bill HR 8603 was introduced during Congress 117 and was introduced to the House on July 29, 2022.  Bill HR 8603's most recent activity was Referred to the House Committee on Foreign Affairs. as of July 29, 2022

Bipartisan Support of Bill HR 8603

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 8603

Primary Policy Focus

International Affairs

Alternate Title(s) of Bill HR 8603

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.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.
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Sponsors and Cosponsors of HR 8603

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