Ban Chinese Communist and Islamist Home Ownership Act prohibits foreign adversaries and entities from purchasing housing in the U.S.

The Ban Chinese Communist and Islamist Home Ownership Act prohibits individuals and entities from purchasing housing in the U.S. if they are citizens of a foreign country of concern, corporations with ownership stakes by such individuals, or foreign entities of concern. It also bans purchases by foreign adversaries, state sponsors of terrorism, or their agents. The Act mandates the forced divestiture of existing housing held by these entities within two years of enactment. The President is directed to ensure enforcement by federal departments and agencies.

Ban Chinese Communist and Islamist Home Ownership Act prohibits foreign adversaries and entities from purchasing housing in the U.S.

The Ban Chinese Communist and Islamist Home Ownership Act prohibits individuals and entities from purchasing housing in the U.S. if they are citizens of a foreign country of concern, corporations with ownership stakes by such individuals, or foreign entities of concern. It also bans purchases by foreign adversaries, state sponsors of terrorism, or their agents. The Act mandates the forced divestiture of existing housing held by these entities within two years of enactment. The President is directed to ensure enforcement by federal departments and agencies.