HB – 17 – Relating to the purchase of or acquisition of title to real property by certain aliens or foreign entities; creating a criminal offense.

This bill has only been filed as of March 30, 2025. Read the entire bill here

This Texas bill prohibits individuals and entities from certain foreign countries (China, Iran, North Korea, and Russia, plus others the governor may designate) from buying or acquiring real estate in Texas.

Key Points:
– Who’s Banned?
– Governments, companies, and individuals domiciled in designated countries.
– Companies controlled by these governments or citizens.
– Exceptions:
– U.S. citizens, lawful permanent residents, and non-resident foreign citizens (if not from a banned country).
– Leasehold interests (rentals) are still allowed.
– Enforcement:
– The attorney general investigates violations and can force the sale of illegally acquired property.
– Violators face state jail felonies (for individuals) or fines up to $250,000 or 50% of the property’s value (for companies).
– Effective Date: September 1, 2025 (does not apply to property bought before then).

Purpose:
To restrict foreign influence and national security risks by preventing adversarial nations from owning Texas land.