Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, May 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

    Housing Applications Surge as Commercial Property Investment Slows Across the UK

    May 26, 2026
    Property

    Labour leadership race raises property tax concerns

    May 25, 2026
    Property

    Australia’s property lobby would have us believe investors are selfless public servants. It’s just profiteering | Maiy Azize

    May 25, 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

    China sets growth target of “around 5%” as it reels from Trump tariffs

    March 4, 2025
    Commodities

    Corn Futures Drop as Money Moves Out of Commodities — Daily Grain Highlights

    December 3, 2025
    Investing

    Bank of England lowers Discount Window Facility price By Investing.com

    March 27, 2026
    What's Hot

    Kevin Durant Lost His Bitcoin Password, Earnings in Account Are ‘Through the Roof’

    September 18, 2025

    Retirement investments are keeping big tech strong: Strategist

    July 11, 2024

    Austin Utilities appoints Geoff Baker to board – Austin Daily Herald

    April 8, 2025
    Most Popular

    Focus on Commodities Amid Sanctions and Seemingly Lower Trade Tension

    October 31, 2025

    Bitcoin, Ether ETFs bleed on Tuesday as risk-off sentiment grips global markets

    January 21, 2026

    Is the stock market open or closed Memorial Day 2026?

    May 24, 2026
    Editor's Picks

    Model firm Hornby set to go private again as Margate firm confirms it intends to come off AIM stock market

    March 13, 2025

    Trump Denies Considering Bitcoin Skeptic Jamie Dimon or BlackRock’s Fink for Treasury

    July 23, 2024

    vers les 120 000 $ dès juillet ?

    July 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.