Sponsor
Charles Roy
Representative · R-TX
Representative · R-TX
The bill prioritizes national security and increasing U.S. access to housing by forcing divestment of certain foreign-held properties, but does so at the cost of potential rights restrictions for non-citizens, forced-sale losses, administrative burdens, and local market disruption.
All Americans: reduces the risk that foreign adversaries or state sponsors of terrorism can acquire U.S. housing by banning covered persons from purchasing homes, lowering national-security exposure.
U.S. buyers and prospective homeowners: requires covered foreign-held housing be sold to U.S. citizens or U.S. corporations within two years, which could increase the supply of properties available to U.S. purchasers.
Federal and state governments and regulators: gives the President and federal agencies authority and a mandated timeline to write and enforce divestment regulations, enabling faster implementation of the law.
Immigrants, dual nationals, and lawful non‑U.S. residents who own or seek to buy homes: may be barred from purchasing or forced to sell property, raising property-rights concerns and inviting legal challenges due to broad or ambiguous definitions (e.g., 'foreign adversary').
Covered property owners and financial counterparties: forcing sales within a two‑year window could cause financial losses if owners must sell at unfavorable times or under distressed conditions.
Federal, state, and local agencies and private financial institutions: new tracking, enforcement, and compliance duties will increase administrative burdens and costs to governments and regulated entities.
Based on analysis of 3 sections of legislative text.
Bans certain foreign persons and entities tied to adversary countries or state sponsors of terrorism from buying U.S. housing and forces divestiture within two years.
Official title: To prohibit the purchase of American Housing supply by Foreign Countries, Adversaries, and Entities of Concern and to require the divestiture of existing housing ownership.
Introduced May 19, 2026 by Charles Roy · Last progress May 19, 2026
Prohibits certain non‑U.S. persons and entities connected to foreign adversaries, state sponsors of terrorism, or specified foreign countries from buying housing in the United States and requires Presidentially‑directed federal regulations to implement the ban. Any housing already owned by those covered persons must be sold to a U.S. citizen or U.S. corporation within two years of enactment. The measure defines who is covered using several categories (non‑U.S. citizens from "foreign countries of concern," corporations with ownership by such persons, foreign entities of concern, and foreign adversaries or state sponsors of terrorism and their affiliates), adopts existing CHIPS Act definitions for some terms, and includes a severability clause so valid parts remain if another part is struck down by a court.