Bill > HB1566

This bill creates new restrictions on real property purchases by foreign entities from designated countries that pose national security risks, specifically prohibiting governmental entities, organizations headquartered in or controlled by governments of those countries, or organizations controlled by such entities from purchasing or acquiring real property in Texas. The bill defines "real property" broadly to include land, improvements, minerals, timber, and various estates or interests, and establishes that the Attorney General can take legal action against entities violating these restrictions by bringing a court case in the county where the property is located. If a violation is found, a court can appoint a receiver to manage and sell the property, though the property purchase itself is not automatically voided. The bill requires the Attorney General to adopt implementation rules and will take effect on September 1, 2025, applying only to property purchases made on or after that date. A "designated country" is specifically defined as a nation identified by the U.S. Director of National Intelligence as posing a national security risk in the three most recent Annual Threat Assessments, and the bill introduces precise definitions of terms like "control" and "organization" to provide clarity in its application.

Military Affairs and Security

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1566