Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, November 4
    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 housing market recovery ‘delayed’ until 2028 as mortgage rates bite

    November 3, 2026
    Property

    Smart locks for UK homes: costs, installation and insurance

    November 2, 2026
    Property

    UK property insurance claims hit record £10,000 average as subsidence surges

    November 2, 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

    Pro-XRP Lawyer Slams Bitcoin Maxi Michael Saylor After Ripple Lawsuit Ends

    August 8, 2025
    Bitcoin

    LE POINT CRYPTOS : Le bitcoin monte, GOin obtient l’agrément MiCA auprès de l’AMF

    June 20, 2025
    Bitcoin

    Babylon et Axelar étendent le staking de Bitcoin à plus de 70 blockchains

    April 12, 2025
    What's Hot

    Signal baissier ou fausse alerte

    April 3, 2025

    News Flash • Port Angeles, WA • CivicEngage

    August 9, 2024

    Aye Finance IPO opens today: GMP, price band and other details of the ₹1,010 crore issue

    February 8, 2026
    Most Popular

    China’s Wary Consumers Are Pouring Money Into Stocks

    August 22, 2025

    Nintendo shares extend gains as Pokemon Pokopia sells over 2 mln copies By Investing.com

    March 11, 2026

    Seneca Property targets £100m of UK office investment after strong year of acquisitions

    June 25, 2026
    Editor's Picks

    UK’s most affordable hotspots for first-time buyers to get on property ladder

    May 18, 2026

    State Street Global Advisors acquires stake in Raiz Invest

    August 26, 2024

    Which commodities are the best hedge for inflation?

    June 26, 2024
    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.