The bill "Foreign Government Ownership of Real Property" aims to regulate and limit the ownership of real property in the United States by foreign governments. It seeks to enhance transparency by requiring foreign governments to disclose their ownership interests in U.S. real estate and imposes restrictions on such ownership to safeguard national security interests. The bill includes provisions for reporting requirements, penalties for non-compliance, and mechanisms for enforcement. Its main goal is to prevent potential risks associated with foreign government control over critical infrastructure or sensitive properties within the country.
2024-02-12: Introduced In House - Assigned to State, Civic, Military, & Veterans Affairs
2024-03-04: House Committee on State, Civic, Military, & Veterans Affairs Refer Unamended to Appropriations
2024-05-14: House Committee on Appropriations Lay Over Unamended - Amendment(s) Failed
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