Texas HB4597 regulates real property interests held by foreign adversaries and establishes a committee to review such holdings.

Texas HB4597 aims to restrict certain foreign individuals and entities from holding or acquiring real property interests in Texas. It defines "foreign adversary" to include specific countries and entities controlled by them. The bill prohibits these entities from holding or acquiring real property unless approved by a newly established homeland security review committee. It also mandates reporting requirements for property acquisitions and allows the attorney general to initiate eminent domain proceedings for certain properties.

Texas HB4597 regulates real property interests held by foreign adversaries and establishes a committee to review such holdings.

Texas HB4597 aims to restrict certain foreign individuals and entities from holding or acquiring real property interests in Texas. It defines "foreign adversary" to include specific countries and entities controlled by them. The bill prohibits these entities from holding or acquiring real property unless approved by a newly established homeland security review committee. It also mandates reporting requirements for property acquisitions and allows the attorney general to initiate eminent domain proceedings for certain properties.