Texas HB1566 prohibits certain foreign entities from purchasing or acquiring real property in Texas.

Texas HB1566 amends the Texas Property Code to restrict the purchase or acquisition of real property by certain foreign entities. Specifically, it prohibits governmental entities, organizations headquartered or controlled by designated countries, and entities under their control from acquiring real property in Texas. The act defines "designated country" as one identified by the U.S. Director of National Intelligence as posing a national security risk in recent threat assessments. The attorney general can enforce this prohibition and bring actions in district courts.

Texas HB1566 prohibits certain foreign entities from purchasing or acquiring real property in Texas.

Texas HB1566 amends the Texas Property Code to restrict the purchase or acquisition of real property by certain foreign entities. Specifically, it prohibits governmental entities, organizations headquartered or controlled by designated countries, and entities under their control from acquiring real property in Texas. The act defines "designated country" as one identified by the U.S. Director of National Intelligence as posing a national security risk in recent threat assessments. The attorney general can enforce this prohibition and bring actions in district courts.