This bill directs the President to take actions needed to prohibit members of the Chinese Communist Party and entities under the ownership, control, or influence of the Chinese Communist Party from buying public or private real estate located in the United States. The bill defines the "United States" to include the several States, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, Guam, the U.S. Virgin Islands, and any other U.S. territory or possession. The bill text does not specify enforcement steps, penalties, or detailed procedures.
If this bill became law, the President would be required to stop members of the Chinese Communist Party and CCP-controlled entities from purchasing real estate anywhere in the defined U.S. area. The rule would apply to both public and private property. The bill does not include details about how the prohibition would work in practice or who would carry out enforcement. No publicly available information.
No publicly available information about costs, funding, or budget effects is included in the bill text.
No publicly available information in the bill text describing proponents' stated reasons or arguments for the bill.
No publicly available information in the bill text describing opponents' stated reasons or arguments against the bill.