Sponsors (6)
The bill strengthens national-security protections around federal lands by restricting purchases by foreign-government-controlled actors, at the cost of limiting market options and imposing compliance and legal uncertainty for owners, buyers, and governments.
Residents, federal land managers, and military installations near covered federal lands gain stronger protection against purchases or influence by foreign-government-controlled buyers, reducing potential foreign surveillance or influence risks.
State and local governments may face simpler, more uniform enforcement because the President can implement a nationwide prohibition that applies across states and territories.
Homebuyers and small businesses with legitimate commercial ties to covered foreign governments could be blocked from purchasing properties adjacent to federal land, losing transactions or investment opportunities.
Current owners of land adjacent to covered federal property may see reduced market demand and lower property values because the pool of eligible buyers is restricted.
A broad definition of ownership (direct or indirect, via contracts/arrangements/understandings) could create compliance uncertainty and higher transaction costs for buyers, businesses, and financial institutions with complex ownership structures.
Based on analysis of 2 sections of legislative text.
Directs the President to bar PRC government agents and entities 25%+ owned by the PRC from buying private land adjacent to certain federal and tribal lands in the U.S.
Official title: Prohibit certain businesses and persons from purchasing real estate adjacent to covered Federal land in the United States, and for other purposes.
Introduced February 25, 2025 by Cynthia M. Lummis · Last progress February 25, 2025
Prohibits purchases of real estate that are adjacent to specified federal lands and Indian country in the United States by agents of the Government of the People’s Republic of China or by businesses 25% or more owned (directly or indirectly) by that government. It defines covered federal land to include lands under the Secretaries of the Interior, Defense, Agriculture (Forest Service), and Energy, and clarifies that the definition of United States includes all states, DC, and U.S. territories.