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119-s-176119th CongressWALLET

Not One More Inch or Acre Act

Sponsored By: Senator Cotton, Tom [R-AR]

Introduced

Summary

Blocks new purchases of U.S. real estate by Chinese nationals and PRC-linked entities. This bill would prohibit citizens of the People’s Republic of China, covered foreign entities, and foreign persons acting for the Chinese Communist Party from buying public or private real estate in the United States. It would also let the President require sale of existing holdings found to pose a national security risk within one year of enactment.

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  • Chinese nationals and PRC-linked entities: Would be barred from acquiring public or private real estate in the United States, stopping new purchases by those covered parties.
  • Current owners tied to the PRC: If the President determines an ownership stake poses a national security risk, affected owners would have to sell within one year.
  • Refugees and personal-use owners: The ban would not apply to PRC citizens admitted as refugees or asylees, and sales of property owned for personal use by U.S. citizens or lawful permanent residents are exempt.
  • Agricultural land reporting: Changes the Agricultural Foreign Investment Disclosure Act language to "be less than 10 percent, or exceed 25 percent," altering the ownership thresholds that trigger disclosures and penalties under AFIDA.

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Bill Overview

Analyzed Economic Effects

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

Ban on Chinese real estate purchases

If enacted, the bill would bar citizens of the People’s Republic of China, covered Chinese entities, and people acting for them from buying U.S. public or private real estate on or after enactment. The President could require covered owners who held property at enactment to sell within one year if that ownership poses a national security risk. Refugees and asylees from China would be exempt. Property held for personal use by U.S. citizens and lawful permanent residents would also be excepted.

New farm land reporting rules

If enacted, the bill would change farm land reporting under the Agricultural Foreign Investment Disclosure Act. It would make reporting or penalties apply when a foreign person owns less than 10% or more than 25% of agricultural land. The change would take effect on enactment. This could raise small paperwork and compliance costs for some farmers and foreign investors.

Sponsors & CoSponsors

Sponsor

Cotton, Tom [R-AR]

AR • R

Cosponsors

  • Sen. Cramer, Kevin [R-ND]

    ND • R

    Sponsored 1/22/2025

  • Sen. Britt, Katie Boyd [R-AL]

    AL • R

    Sponsored 1/22/2025

  • Sen. Scott, Rick [R-FL]

    FL • R

    Sponsored 7/10/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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