Bill Text: TX HB4296 | 2025-2026 | 89th Legislature | Introduced

Texas House Bill 4296

Introduced

Bill Title: Relating to interests of certain foreign governments in real property.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2025-04-01 - Referred to State Affairs [HB4296 Detail]

Download: Texas-2025-HB4296-Introduced.html

	89R11214 DRS-D

	By: Shaheen	H.B. No. 4296



	A BILL TO BE ENTITLED
	AN ACT
	relating to interests of certain foreign governments in real
	property.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 5.005, Property Code, is amended to read
	as follows:
	Sec. 5.005. ALIENS. Except as provided by Subchapter H, an
	[An] alien has the same real and personal property rights as a
	United States citizen.
	SECTION 2. Chapter 5, Property Code, is amended by adding
	Subchapter H to read as follows:
	SUBCHAPTER H. INTERESTS OF CERTAIN FOREIGN GOVERNMENTS IN REAL
	PROPERTY
	Sec. 5.251. DEFINITION. In this subchapter, "foreign
	government" means the government of China, Iran, Iraq, North Korea,
	Russia, or Syria.
	Sec. 5.252. CERTAIN INTERESTS IN REAL PROPERTY PROHIBITED.
	(a) Notwithstanding any other law, and except as provided by
	Section 5.253, the following may not lease, purchase, or otherwise
	acquire title to or hold any other interest in real property in this
	state:
	(1) a foreign government;
	(2) a company or other entity that is directly or
	indirectly held or controlled by a foreign government; or
	(3) a company or other entity that is owned by or the
	majority of stock or other ownership interest of which is held or
	controlled by a company or entity described by Subdivision (2).
	(b) A transfer of an interest in real property in violation
	of this section is void.
	Sec. 5.253. PROPERTY INTEREST HELD ON AUGUST 31, 2025. (a)
	Subject to Subsection (b), an entity described by Section 5.252 may
	hold an interest in real property if the interest was held by the
	entity on August 31, 2025.
	(b) An interest in real property held by an entity described
	by Section 5.252 that terminates on or after September 1, 2025, may
	not be renewed by the entity.
	SECTION 3. This Act takes effect September 1, 2025.