Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, August 26
    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

    China’s property crisis deepens after Evergrande founder sentenced to life in prison

    August 23, 2026
    Property

    China Luxury Sales Plunge Over 10% as Offshore Tax Push Hits Spending

    August 23, 2026
    Property

    ‘Friday afternoon fraud’: warning for UK homebuyers on bank scams | Property

    August 23, 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
    Finance

    Donors pour climate adaptation finance into big infrastructure, neglecting local needs

    October 30, 2025
    Bitcoin

    It’s ‘Breaking’—Sudden U.S. Dollar ‘Crisis’ Warning Predicted To Spark Huge Bitcoin Price Boom To Rival Gold

    January 28, 2026
    Property

    Rachel Reeves lays the ground for tax rises as Chancellor admits ‘necessary choices’ are coming in Budget

    November 4, 2025
    What's Hot

    Dow Jones| Nasdaq | US Stock Market Today | Live: Dow jumps 800 points as Trump cancels planned strikes on Iran; oil prices drop nearly 4%

    June 11, 2026

    Silver Crash: How Wall Street Turned Retail Losses Into Institutional Gains

    February 3, 2026

    Over 100,000 more people file local property tax returns amid deadline extension, new data shows – The Irish Times

    November 12, 2025
    Most Popular

    SK Hynix plans semiconductor fab in Japan, Hankyoreh reports By Investing.com

    August 20, 2026

    Transition énergétique: Vaud finance la formation de spécialistes de l’énergie

    July 11, 2025

    Stock Market Today, Feb. 23: SoFi Technologies Pulls Back as Investors Reassess Fintech Momentum

    February 23, 2026
    Editor's Picks

    Influencers rush to seek help on taxes to financial planning

    August 27, 2024

    All Bitcoin and Crypto Mentions in the Epstein Files

    February 1, 2026

    Sensex Today | Stock Market Highlights: Nifty ends below 25,900; ₹8 lakh crore wiped off BSE market cap

    January 8, 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.