Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, October 7
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Texas targets Chinese land ownership in new legislation
    Property

    Texas targets Chinese land ownership in new legislation

    July 25, 20242 Mins Read


    AUSTIN (Nexstar) — Texas lawmakers on Wednesday convened to consider legislation to limit “hostile foreign organizations” from owning Texas land and assets, pointing to security threats that national security experts testified could stem from Chinese-affiliated companies operating in Texas.

    “The United States is under a pervasive threat from the Chinese Communist Party, from Russia, from Iran, and from North Korea,” Brian Cavanaugh with American Global Strategies said. “It’s not a conflict where we’re targeting military versus military. They’ve actually taken an asymmetric approach where they’re targeting civilian critical infrastructure. It’s economic warfare, lawfare, and a fundamental threat to the general population.”


    Nationwide, foreign entities own about three percent of U.S. farmland — nearly all of them friendly nations. China owns just one percent of that three percent. However, Chinese entities own more land in Texas than any other state, at about 162,000 acres.


    NORAD intercepts bombers from China, Russia off Alaskan coast

    Critics pose that land could present risks of espionage and economic influence. Those concerns have led 24 states to prohibit or limit foreign land ownership.

    Last year, Texas Republicans tried to pass a sweeping bill to ban property ownership for all citizens from China, Russia, Iran, and North Korea. The bill failed after a groundswell of criticism from Asian Americans.

    “That is plainly racist, and our community will not stand for it,” State Rep. Gene Wu, D-Houston, said. “If they want to talk about critical infrastructure, it’s already been addressed. What they’re talking about is homeownership, is business ownership. It’s basically saying, ‘no Asians, no Chinese are welcome here.’”

    Lawmakers alluded to avoiding past missteps in next year’s legislative session, narrowing the next bill to target entities rather than individuals.


    Illegal Chinese marijuana growing in heartland worries neighbors

    “Any affiliation with any business that’s owned or operated by the Chinese Communist Party, that’s a state-owned enterprise and it’s going to be doing the business of the Chinese government,” Cavanaugh said. “I think they’re going to tighten up the parameters on this one, probably have some of this more specific and more zeroed-in, and that will hopefully address a lot of concerns that came up last session.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleDBA: The Commodities That Feed And Increasingly Power The World (NYSEARCA:DBA)
    Next Article MORNING BID ASIA-Stocks not out of the woods after trying to recover

    Related Posts

    Property

    UK property market warned over ‘gathering dark clouds’ as house prices stall

    October 7, 2026
    Property

    ‘Gathering dark clouds’ for UK property market with prices stagnant

    October 7, 2026
    Property

    David Reuben Relocates from UK to Monaco

    October 4, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Bitcoin, Gold Rally as Bond Stress Hits Asian Stock Markets

    August 21, 2026
    Bitcoin

    Bitcoin Becomes Lifeline For Activists As HRF Unveils ‘Bitcoin For Nonprofits’ Guide

    May 19, 2026
    Bitcoin

    Bitcoin ETF Inflows Resume Sparking “Digital Gold” Narrative, Ether ETFs Bleed

    September 3, 2025
    What's Hot

    Satoshi Era Whale Moves 1000 Bitcoin, What’s Happening?

    July 15, 2024

    NJ among states with highest property taxes. Here’s where it ranks

    August 4, 2025

    When does the stock market open after Christmas? Holiday hours

    December 26, 2025
    Most Popular

    Stock market news for August 20, 2024

    August 20, 2024

    Corporate Bitcoin Treasury Full Tracker 2026: Who Holds Most BTC?

    May 27, 2026

    Commodities markets revival priority, Sebi whole-time member – Market News

    October 11, 2025
    Editor's Picks

    Gold rate crash: Gold price gives up Rs 99,000 mark; analysts on upside risks, outlook and more

    June 18, 2025

    Lithium metal to make traditional batteries obsolete, Pure Lithium CEO says | Hotter Commodities

    August 15, 2024

    A flat stock market return after 4 great years not a bad outcome: Sunil Singhania

    October 15, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.