Bill > HB2752

This bill establishes new restrictions on real property purchases by certain foreign individuals and entities in Texas, specifically targeting those from countries deemed potential national security risks. The legislation defines "designated countries" as those identified in U.S. intelligence assessments as threats, state sponsors of terrorism, or subject to specific sanctions. The bill prohibits governmental entities, governing political parties, foreign terrorist organizations, and individuals from designated countries from purchasing real property in Texas, with exceptions for U.S. citizens, lawful permanent residents, and property intended as a personal residence homestead. If the attorney general suspects a violation, they can bring an action in district court to investigate and potentially divest the property, with the court able to appoint a receiver to manage the property's sale. The secretary of state is required to assist in such investigations by providing records and serving interrogatories. Importantly, the law will only apply to property purchases made on or after September 1, 2025, and the attorney general is tasked with developing implementation rules. The bill aims to enhance state-level protection against potential foreign land ownership that could pose national security risks.

Military Affairs and Security

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2752