Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, July 12
    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

    Bradley Hall promotes property manager

    July 11, 2026
    Property

    China Chose The Crash – Davis Vanguard

    July 11, 2026
    Property

    Saba Capital in advanced discussions with two leading UK property managers to ensure seamless tenant continuity at Workspace

    July 10, 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

    de plus en plus d’influenceurs spécialisés dans la finance

    May 4, 2025
    Bitcoin

    Spot Bitcoin ETFs Bleed $175M as Analysts Predict BTC Price Crash to $40K

    December 25, 2025
    Property

    Four Corners Property Trust acquiert un restaurant LongHorn Steakhouse dans le Michigan pour 2,5 millions de dollars

    July 10, 2025
    What's Hot

    SpaceX Started Trading Today: Is $2T Valuation Justified?

    June 12, 2026

    Goldman Sachs Bets on “Boomer Candy” With Bitcoin Premium Income ETF Filing

    April 14, 2026

    Here’s Why Bitcoin’s Next Big Move Could Redefine Your Investment Strategy

    July 16, 2024
    Most Popular

    UK estate agents’ optimism on home sales hits highest level in over a year

    January 14, 2026

    DAT: Capital B Announces Purchase Of 551 Bitcoin, Yield Of 1,651.2%

    September 22, 2025

    Plus de la moitié des nœuds du Lightning Network sont hébergés par Amazon et Google

    June 19, 2025
    Editor's Picks

    Dow, S&P 500, Nasdaq rise for second day in a row with Fed decision on deck

    March 17, 2026

    Rising 10-Year Yields and Stronger US Dollar May Break Gold’s Bull Run

    September 24, 2025

    Stocks rise as US inflation data boosts rate cut hopes

    July 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.