H.R. 3618: American Land and Property Protection Act

The American Land and Property Protection Act is a proposed piece of legislation that seeks to restrict certain foreign entities from purchasing real estate within the United States. Here’s a breakdown of what the bill entails:

Prohibition on Purchases by Foreign Adversaries

Under this bill, the President of the United States is required to take necessary measures to prohibit the purchase of both public and private real estate in the U.S. by:

• Nonresident aliens
• Foreign businesses
• Agents, trustees, or fiduciaries associated with the governments of specific countries, which include:
• The People’s Republic of China
• The Russian Federation
• North Korea
• Iran
• Other countries classified as foreign adversaries by the U.S. government

Definition of Foreign Adversaries

The bill provides a definition for "foreign adversaries," which includes the following entities:

• The People’s Republic of China (excluding Taiwan)
• The Republic of Cuba
• The Islamic Republic of Iran
• The Democratic People’s Republic of Korea (North Korea)
• The Russian Federation
• Nicolás Maduro from Venezuela
• Any organization designated as a foreign terrorist organization by the U.S. Secretary of State

Geographical Scope of the Proposal

The term "United States" as referred to in the bill encompasses:

• The 50 states
• The District of Columbia
• The Commonwealth of Puerto Rico
• The Commonwealth of the Northern Mariana Islands
• American Samoa
• Guam
• The United States Virgin Islands
• Any other U.S. territories or possessions

The main goal of the bill is to prevent certain foreign nationals and entities from acquiring land and property in the U.S., which proponents may argue is necessary for national security and economic reasons.

Relevant Companies

None found.