Prohibits citizens and certain entities from the People’s Republic of China from acquiring U.S. public or private real estate and gives the President authority to block purchases and require sale of covered property in some cases, while carving out limited exceptions for certain refugees/asylees and for property held for personal use by U.S. citizens or lawful permanent residents. Also revises a phrase in the Agricultural Foreign Investment Disclosure Act to add an additional ownership threshold language change, but does not specify an effective date or implementing details.