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119-hr-3618119th CongressWALLET

American Land and Property Protection Act

Sponsored By: Representative Alford, Mark [R-MO-4]

Introduced

Summary

Would block certain foreign governments and their agents from buying U.S. real estate. It would give the President broad authority to prohibit purchases by nonresident aliens, foreign businesses, and agents or trustees tied to listed foreign adversaries and to expand those restrictions as needed.

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  • Foreign adversary-linked buyers. Nonresident aliens, foreign businesses, and agents, trustees, or fiduciaries associated with the listed governments would be prohibited from purchasing real estate in the United States. Named adversaries include China (including Hong Kong), Russia, Iran, North Korea, Cuba, Venezuela’s Nicolas Maduro, and organizations designated as foreign terrorist organizations.
  • Executive authority. The President would gain broad, discretionary power to implement, enforce, or expand the prohibitions and to preempt other federal or state laws when applying the ban.
  • Geographic reach. The policy would apply across the 50 states, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, Guam, the U.S. Virgin Islands, and other U.S. territories.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Ban on land buys by foreign adversaries

If enacted, this would block certain foreign actors from buying public or private real estate in the United States. The President would be required to take needed steps, apply the ban despite other laws, and could expand measures to block purchases. Nonresident aliens, foreign businesses, and agents, trustees, or fiduciaries tied to listed governments would be covered. The list includes China (with Hong Kong, not Taiwan), Cuba, Iran, North Korea, Russia, Nicolas Maduro, and any group the State Department labels a foreign terrorist organization. It would apply to real estate in all states and U.S. territories, and most U.S. buyers and sellers would see no direct change.

Sponsors & CoSponsors

Sponsor

Alford, Mark [R-MO-4]

MO • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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