Texas HB4296 prohibits certain foreign governments and related entities from acquiring real property interests in the state.

Texas HB4296 amends the Property Code to restrict the acquisition of real property interests by specified foreign governments and related entities. The bill defines "foreign government" as the governments of China, Iran, Iraq, North Korea, Russia, or Syria. It prohibits these governments and entities directly or indirectly controlled by them from leasing, purchasing, or holding any interest in real property in Texas. Exceptions allow entities to maintain existing interests if they were held on August 31, 2025, but these cannot be renewed after September 1, 2025.

Texas HB4296 prohibits certain foreign governments and related entities from acquiring real property interests in the state.

Texas HB4296 amends the Property Code to restrict the acquisition of real property interests by specified foreign governments and related entities. The bill defines "foreign government" as the governments of China, Iran, Iraq, North Korea, Russia, or Syria. It prohibits these governments and entities directly or indirectly controlled by them from leasing, purchasing, or holding any interest in real property in Texas. Exceptions allow entities to maintain existing interests if they were held on August 31, 2025, but these cannot be renewed after September 1, 2025.