The bill amends Section 5.005 of the Property Code to clarify that aliens have the same real and personal property rights as U.S. citizens, except as specified in the newly added Subchapter H. This subchapter introduces regulations regarding the purchase or acquisition of title to real property by certain foreign entities. It defines key terms such as "control," "designated country," and "real property," and establishes that entities from designated countries, including governmental entities and organizations under their control, are prohibited from acquiring real property in Texas.

Additionally, the bill empowers the attorney general to enforce these prohibitions by bringing actions against entities that violate the new regulations. If a violation is found, the court can appoint a receiver to manage and sell the property in question. Importantly, the bill clarifies that a purchase made in violation of these provisions is not void, ensuring that the validity of property transactions is not affected by such violations. The act is set to take effect on September 1, 2025, and will apply only to transactions occurring after that date.

Statutes affected:
Introduced: Property Code 5.005 (Property Code 5)