Bans certain Chinese entities from owning U.S. farms and homes, requiring them to sell existing properties.
This bill would stop corporations and individuals connected to the Chinese government from buying or leasing U.S. farmland and from buying homes. It would also require these entities to sell any land or homes they already own. Those who do not follow these rules would face significant daily fines, criminal charges, and could lose their property.
Today, certain foreign entities connected to China can buy and own agricultural land and residential real estate in the U.S. This bill would make it illegal for specific foreign entities linked to China to do so. It would require them to sell existing properties within one year, with severe daily fines ($100 per acre for agricultural land, $1,000 per unit for residential real estate), criminal penalties, and property forfeiture if they do not comply.
HR 4706 · 119th Congress · July 23, 2025 · AI Summary by gemini-2.5-flash · 8/10
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