Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, October 15
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Yes, China and other hostile nations should not own property in Texas
    Property

    Yes, China and other hostile nations should not own property in Texas

    May 14, 20253 Mins Read


    In 2020, there were serious conversations in Washington about blocking a Chinese-owned company from building a wind farm near Laughlin Air Force Base in Del Rio. The company, linked to Chinese billionaire Sun Guangxin, owns over 100,000 acres in Val Verde County. The project raised questions about possible espionage, the disruption of flight routes and even giving the Chinese access to the Texas grid. These were all legitimate security concerns.

    Ownership of land by Chinese entities that may have ties to the Chinese government is deeply problematic, and a bill preventing citizens from nations deemed hostile to the U.S. from buying property is moving swiftly in Austin and is closer to becoming law.

    Senate Bill 17, by state Sen. Lois Kolkhorst, R-Brenham, would ban citizens of China, Iran, North Korea and Russia from owning property in Texas. The House version is narrower and does not apply to foreign citizens with a lawful presence in the United States, including people with work, student visas and even asylum-seekers.

    We have concerns about the Senate bill. But the House version appears to address legitimate security worries while being careful to acknowledge fear of discrimination. Some Democratic lawmakers believe that there is still discriminatory potential against Asian Americans. Getting the balance right is hard, but the House bill gets close.

    Opinion

    Get smart opinions on the topics North Texans care about.

    The Senate version more broadly restricts real estate sales against citizens and corporations from “hostile” nations, as designated by the U.S. national director of intelligence.

    While the House bill is plainly the better of the two, we are worried about one element in it that would empower the governor to determine which countries are hostile. Deciding which nations are hostile is better suited to national security agencies.

    However, we have confidence in the due process established under the bill. Enforcement would require the attorney general to investigate and refer the matter to a district court. If the court determines the property was purchased in violation of the law, that property can be placed into a receivership.

    Ownership of U.S. land by Chinese entities is marginal, but it is concentrated. According to a 2023 NPR investigation, more than 80% was held by Chinese-controlled Smithfield Foods, a major player in the U.S. pork industry, and by the billionaire Sun Guangxin. Sun is a member of the Chinese Communist Party and a former senior leader for the Chinese military, according to Sen. John Cornyn, R-Texas. Smithfield’s parent company, WH Group, has been accused by critics of being under the authority of the Chinese government.

    China is a foreign adversary, and Chinese companies are required by law to assist the government with espionage. That’s reality. Given the serious nature of the potential threat, the state has a compelling reason to act, while avoiding discriminatory outcomes.

    We welcome your thoughts in a letter to the editor. See the guidelines and submit your letter here.

    If you have problems with the form, you can submit via email at letters@dallasnews.com



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleUS stock futures and major Asian gauges make gains as trade war worries ease
    Next Article Vinanz décroche un financement relais de 4 millions de dollars pour développer ses activités liées au Bitcoin

    Related Posts

    Property

    Reform UK’s Richard Tice’s Property Firm Pays £800,000 in Dividends Despite Falling Profits – Byline Times

    October 15, 2026
    Property

    Gales from Hurricane Isaias reach UK in a year the property market can ill afford

    October 13, 2026
    Property

    Property expert calls for stamp duty reform alongside housing schemes

    October 11, 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
    Investing

    jumps toward $73k as US regulatory cheer offset Iran jitters By Investing.com

    March 13, 2026
    Utilities

    Islamabad wants Chinese utilities to use Thar coal – Pakistan

    July 22, 2024
    Bitcoin

    La société d’analyse prévient: il y a un énorme écart dans le prix du bitcoin dans deux régions – voici ce que cela signifie

    February 27, 2025
    What's Hot

    Donald Trump’s potential election win pushes US home buyers to flee to Australia

    August 21, 2024

    Hong Kong’s 2024 property slump feels like it’s 1997 all over again – or is it?

    July 27, 2024

    Sensex Today | Stock Market Highlights: Market falls for third straight day, Nifty gives up 23,500

    September 9, 2026
    Most Popular

    Turnkey Property Investment: Benefits, Revenue Generation, and Management

    February 15, 2023

    Housing Market in China’s Hainan Picks Up as Free Trade Port Status Looms

    October 16, 2025

    Bitcoin Price at $118,722 as SOL and XRP Decline Sharply

    July 28, 2025
    Editor's Picks

    Bitcoin Takes the Baton as BTC/USD Breaks Higher

    August 21, 2026

    Inside Morocco’s Crypto Paradox the Bitcoin Remains Prohibited Yet Growing

    September 24, 2025

    Friendly Asian commodity markets and strong US economy

    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.