Foreign Property Ownership Transparency Act

This bill orders a deep look at how foreign people, companies, and governments buy homes in the United States. It asks for facts on where and how much buying is happening, including when purchases use shell companies or trusts, and how this might affect housing prices and supply for everyday residents. It also asks about any national security concerns, like when homes are near sensitive sites . The goal is to get clear data and ideas for improving transparency and keeping homes accessible and affordable for people who live here .

A federal watchdog must complete a study and deliver a report within one year of the bill becoming law. Then the housing department will review those findings, talk with state and local housing agencies, and send Congress recommendations within 180 days. Those recommendations may include steps to make foreign ownership more visible and to protect access to home purchases for U.S. residents .

• Who: Foreign buyers; U.S. homebuyers and renters; federal, state, and local housing officials
• What changes now: No immediate rules change—this launches a study and a follow-up set of policy recommendations
• When: Study report due within 1 year of enactment; recommendations due 180 days after that