Texas SB17 restricts the purchase or acquisition of real property by certain foreign individuals or entities.

Texas SB17 amends the Property Code to prohibit the purchase or acquisition of title to real property by certain foreign individuals or entities if it creates a risk to public health, safety, and welfare. This includes individuals or entities from countries identified by the U.S. Director of National Intelligence as posing a national security risk. The attorney general can investigate and take action against violators, including appointing a receiver to manage and sell the property. Exceptions include U.S. citizens, lawful permanent residents, and homestead property.

Texas SB17 restricts the purchase or acquisition of real property by certain foreign individuals or entities.

Texas SB17 amends the Property Code to prohibit the purchase or acquisition of title to real property by certain foreign individuals or entities if it creates a risk to public health, safety, and welfare. This includes individuals or entities from countries identified by the U.S. Director of National Intelligence as posing a national security risk. The attorney general can investigate and take action against violators, including appointing a receiver to manage and sell the property. Exceptions include U.S. citizens, lawful permanent residents, and homestead property.