Bill > S08490

This bill proposes to amend New York's real property law by adding a new article that prohibits any person or entity from leasing, selling, offering to sell, conveying, or transferring any real property in the state to the People's Republic of China (PRC), the Chinese Communist Party (CCP), or any of their affiliated entities. The legislation explicitly makes such transactions unlawful, regardless of any other existing laws. To enforce this prohibition, the bill grants the New York State Attorney General the authority to take legal action, including applying to the state's Supreme Court for an injunction or bringing an action for injunctive or declaratory relief against any party attempting to or having completed a real estate transaction with the PRC or CCP. The bill's primary purpose appears to be preventing Chinese government or party-affiliated organizations from acquiring property in New York, likely motivated by national security concerns and ongoing geopolitical tensions. The law would go into effect 30 days after its passage, providing an immediate and comprehensive restriction on real estate transactions with Chinese government-related entities.

Justice

https://www.nysenate.gov/legislation/bills/2025/S8490