The bill amends the Texas Property Code to establish new regulations regarding the purchase or acquisition of title to real property by certain foreign entities. It specifies that aliens have the same property rights as U.S. citizens, except as outlined in the newly added Subchapter H. This subchapter defines key terms and prohibits specific entities from acquiring real property in Texas, including governmental entities from designated countries and organizations that are either headquartered in or controlled by such countries.

Additionally, the bill grants the Texas Attorney General the authority 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 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 remains intact despite any violations. The changes will take effect on September 1, 2025, and will only apply to transactions occurring after that date.

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