Bill to Preempt State Bans on Foreign Citizens Buying Property

News Snapshot:

In recent months, officials in a handful of states have proposed legislation aimed at preventing citizens from select foreign countries from owning property. In Texas, a bill to ban Iranian, Syrian, North Korean, Russian, and Chinese citizens from buying farmlands advanced to the state Senate. A bill in Florida banning citizens of most of the same countries from buying property near “critical infrastructure” was signed into law last month by Republican Gov. Ron DeSantis. With the bills moving forward, activist groups are mounting a challenge at the state level. Now, they are getting support from Washington, where a new bill...