Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, September 25
    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: Current Trends and Insights

    September 24, 2026
    Property

    North outpaces London as UK property market rebalances

    September 24, 2026
    Property

    Record subsidence payouts and new BGS projections put UK property risk under sharper focus

    September 24, 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
    Property

    Updated Daily – Forbes Advisor

    November 23, 2025
    Investing

    U.S. futures fall, oil rises, Trump departs Beijing

    May 15, 2026
    Bitcoin

    Three Bitcoin Price Charts to Watch After Record $5.39B BTC Liquidation

    October 11, 2025
    What's Hot

    Dow Jones Today | US Stock Market LIVE Updates: Dow drops 600 amid rebound in oil prices

    March 5, 2026

    Bitcoin Prices Climb To Highest Price Since November

    January 14, 2026

    Trump’s Howell campaign stop may have broken campaign finance law

    August 23, 2024
    Most Popular

    $54,000 Next? Bitcoin Traders Warn of “New Lows” Amid Asia Tech Rout

    June 23, 2026

    Gold: Trump and Bessent Add Fuel to Bullish Setup

    August 14, 2025

    Arrests made during drug raid at Oxfordshire property

    September 27, 2025
    Editor's Picks

    Top Analyst Says There’s ‘Some Hope’ for Bitcoin if BTC Rises Above Major Resistance Level – But There’s a Catch

    July 12, 2024

    Sensex, Nifty today: Biggest winners and losers in stock market trade

    March 26, 2025

    Labor Department Proposal Could Open 401(k)s To Bitcoin And Alternative Assets

    March 30, 2026
    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.