Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, July 6
    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

    Holiday home horror as property trashed after gender reveal turns into drunken rampage

    July 6, 2025
    Property

    Why Living in Madeira Is Captivating for UK Buyers

    July 6, 2025
    Property

    Staff at major UK airports offered £1 bonuses for catching oversized bags 

    July 6, 2025
    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
    Stock Market

    Stock market today: Asian shares are mostly lower after tech-fueled gain on Wall Street

    March 23, 2025
    Bitcoin

    Bitcoin triggers bullish sentiment among investors, long-term holders

    August 18, 2024
    Bitcoin

    This Week on Crypto Twitter: Bitcoin Battered as Trump-Themed Tokens Dump

    August 11, 2024
    What's Hot

    Institutional ownership of Bitcoin ETFs reached 24% last quarter

    August 20, 2024

    Utilities may soon pay you to help support a greener grid

    March 5, 2025

    B2B’s $7 Billion Embedded Finance Opportunity

    October 29, 2024
    Most Popular

    Commodity Roundup: Gold faces weekly loss after positive jobs data, oil set for ~4% gain

    August 9, 2024

    Meet Fintech’s Upper Echelon in New York at FinovateFall 2024 – FF News

    August 16, 2024

    Meta platforms CEO Zuckerberg sells over $2.5 million in stock By Investing.com

    August 6, 2024
    Editor's Picks

    Stock market today: Nasdaq, S&P 500 lead stock slide as Trump set to announce auto tariffs – Yahoo Finance

    March 26, 2025

    The Commodities Feed: Risk on after US and China lower tariffs | articles

    May 13, 2025

    Chute des principales cryptomonnaies ; le bitcoin s’échange sous le niveau de 105 000 $. -Le 22 janvier 2025 à 22:01

    January 22, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.