Texas HB4606 regulates real property interests held by foreign individuals or entities and establishes a committee to review such interests.

Texas HB4606 amends the Civil Practice and Remedies Code and Property Code to regulate interests in real property held or acquired by certain foreign individuals or entities. The bill establishes the homeland security review committee, composed of seven members appointed by the governor, to review and approve or disapprove real property transactions. The committee can direct the attorney general to initiate eminent domain proceedings to acquire certain real property. The bill also creates a criminal offense for knowingly making false reports regarding real property transactions.

Texas HB4606 regulates real property interests held by foreign individuals or entities and establishes a committee to review such interests.

Texas HB4606 amends the Civil Practice and Remedies Code and Property Code to regulate interests in real property held or acquired by certain foreign individuals or entities. The bill establishes the homeland security review committee, composed of seven members appointed by the governor, to review and approve or disapprove real property transactions. The committee can direct the attorney general to initiate eminent domain proceedings to acquire certain real property. The bill also creates a criminal offense for knowingly making false reports regarding real property transactions.