Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, September 13
    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

    Property Insurance: Coverage Explained for Homeowners and Renters

    September 10, 2026
    Property

    Property Franchise Group: Firm behind Yorkshire-founded Hunters hails record first half despite ‘subdued market’

    September 9, 2026
    Property

    UK house prices fall for first time since 2023, led by London and south-east | House prices

    September 6, 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
    Bitcoin

    BTC stays below $88k amid U.S. government shutdown fears

    January 26, 2026
    Finance

    Citigroup Provides $47M to Finance Cocoa Grand Acquisition in Florida – Commercial Observer

    August 12, 2024
    Bitcoin

    Iran closes Strait of Hormuz, escalating US conflict; Bitcoin market eyes April 18

    April 20, 2026
    What's Hot

    The Stock Market Just Flashed a Warning Seen Only 5 Times Before. History Is Crystal Clear About What Happens Next (Hint: It’s Not Good).

    August 13, 2026

    Integra LifeSciences faces challenges, updates guidance By Investing.com

    July 29, 2024

    What Crypto Investors Should Know As TradFi And DeFi Move Closer Together

    August 18, 2024
    Most Popular

    EUR/USD Rally Gains Traction on Dollar Weakness — Momentum Points to 1.17 Breakout

    December 3, 2025

    La société d’analyse prévient: il y a un énorme écart dans le prix du bitcoin dans deux régions – voici ce que cela signifie

    February 27, 2025

    Bitcoin Recovery and Future Predictions

    August 26, 2026
    Editor's Picks

    une dégringolade en cascade, les derniers détails – La Nouvelle Tribune

    April 5, 2025

    Muhurat Trading 2025: 5 Key Triggers For Stock Market – US China Trade Ties To Mega Rare Earth Deal

    October 20, 2025

    Trump Says He Will Raise Canada Steel and Aluminum Tariffs to 50% — Commodities Roundup

    March 11, 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.