Texas HB2536 prohibits certain foreign entities and individuals from purchasing real property in the state.

Texas HB2536 prohibits individuals or entities from purchasing or acquiring title to real property in the state if they are domiciled in a designated country. The governor may designate countries subject to this prohibition, initially including China, Iran, North Korea, and Russia. Exceptions apply to U.S. citizens, lawful residents, and leasehold property. The attorney general investigates potential violations, may bring actions in district court, and can refer matters to law enforcement. Violators face fines and divestiture of property. The act takes effect September 1, 2025.

Texas HB2536 prohibits certain foreign entities and individuals from purchasing real property in the state.

Texas HB2536 prohibits individuals or entities from purchasing or acquiring title to real property in the state if they are domiciled in a designated country. The governor may designate countries subject to this prohibition, initially including China, Iran, North Korea, and Russia. Exceptions apply to U.S. citizens, lawful residents, and leasehold property. The attorney general investigates potential violations, may bring actions in district court, and can refer matters to law enforcement. Violators face fines and divestiture of property. The act takes effect September 1, 2025.