Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, July 23
    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

    KKR, AEW Look to Sell China Property in Shanghai, Beijing

    July 22, 2026
    Property

    UK region where the most properties have risen in price revealed – not London | UK | News

    July 21, 2026
    Property

    Scottish property firm becomes first private factor to secure UK customer service standard

    July 20, 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

    How Jared Esguerra, FinTech Visionary, Pioneers Embedded Finance Revolutions

    March 6, 2026
    Utilities

    Comerica Bank Sells 226 Shares of Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

    August 18, 2024
    Finance

    comment bien réagir pour sauver son épargne

    April 4, 2025
    What's Hot

    Bapanas proposes including salt into essential food commodities list

    July 29, 2024

    La Chine et la Russie utilisent désormais Bitcoin pour régler des échanges d’énergie

    April 10, 2025

    Gold Crashes, Bitcoin Rockets, And Peter Schiff Is Not Happy About It By U.Today

    August 15, 2024
    Most Popular

    Senior leadership appointment in KPMG’s North West Corporate Finance team

    May 6, 2026

    Will the Rightmove Goliath be Slayed by the (AI) David?

    February 17, 2026

    Why BlackRock and MicroStrategy Stay Calm During Dips

    August 19, 2024
    Editor's Picks

    One of UK’s ‘poshest suburbs’ where you can buy a property for £160k | UK | News

    May 31, 2025

    Ganglong China Property enregistre des ventes de 5,4 milliards de yuans en 2024 -Le 13 janvier 2025 à 05:28

    January 12, 2025

    Sensex, Nifty outlook for Monday, April 20: What to expect from stock market? Key levels & more

    April 18, 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.