The bill amends the Civil Practice and Remedies Code and the Property Code in Texas to regulate the purchase or acquisition of title to real property by certain aliens and foreign entities. It introduces a new subchapter (Subchapter H) that defines terms such as "agricultural land," "control," and "designated country," and establishes that aliens generally have the same property rights as U.S. citizens, except as specified in the new subchapter. The bill prohibits individuals and entities from designated countries from acquiring real property in Texas, with exceptions for U.S. citizens and lawful permanent residents, as well as for certain types of property such as residence homesteads.

Additionally, the bill empowers the attorney general to enforce these regulations and take action if there is a reasonable suspicion that a violation poses a risk to public health, safety, or welfare. It allows for the appointment of a receiver to manage property acquired in violation of the new rules. The changes will take effect on September 1, 2025, and will only apply to transactions occurring after that date, ensuring that prior acquisitions remain governed by existing law.

Statutes affected:
Introduced: Civil Practice and Remedies Code 64.001, Property Code 5.005 (Property Code 5, Civil Practice and Remedies Code 64)