If this bill were to become law, it would introduce a new concurrent memorial urging the United States Congress to study and consider enacting legislation that would restrict the ownership of real property in the United States by foreign governments operating under communist or authoritarian systems. This insertion emphasizes the need for federal regulation in this area, which is currently not comprehensively addressed by existing federal law.

The bill would not alter any existing statutes, as it does not include any deletions from current law. Instead, it adds new language that formally requests action from Congress and directs the Secretary of State of Arizona to communicate this request to each member of Congress from the state. This addition aims to raise awareness and prompt legislative consideration regarding foreign ownership of U.S. real estate.