The bill amends the Civil Practice and Remedies Code and the Property Code to regulate the purchase or acquisition of title to real property by certain aliens or foreign entities, specifically targeting individuals and entities from designated countries such as China, Iran, North Korea, and Russia. It introduces a new subchapter (Subchapter H) that outlines definitions, exceptions, and prohibitions regarding property transactions involving these foreign individuals or entities. Notably, the bill stipulates that individuals domiciled in designated countries are prohibited from acquiring real property in Texas, and it establishes penalties for violations, including state jail felony charges for individuals and significant fines for companies.

Additionally, the bill modifies existing legal language to clarify the rights of aliens concerning property ownership, stating that aliens have the same rights as U.S. citizens except as specified in the new subchapter. The Attorney General is tasked with investigating potential violations and enforcing the provisions of this bill, which includes the appointment of receivers to manage properties acquired in violation of the law. The changes will take effect on September 1, 2025, and will only apply to property transactions occurring after that date.

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