The proposal also would bar Russians, Iranians and North Koreans from owning real estate. Read more at straitstimes.com.
HOUSTON, Texas - The US state of Texas is considering barring Chinese citizens from buying property on national security grounds - and as tensions with Beijing rise, other states may follow suit.
“One of the top concerns for many Texans is national security and the growing ownership of Texas land by certain adversarial foreign entities,” Ms Kolkhorst has said. Florida, Arkansas, South Dakota and eight other states are considering legislation to restrict foreign ownership. “All these people are paying taxes here,” said Ms Ling Luo, a first-generation Chinese immigrant who is director of the Asian Americans Leadership Council. “ are paying a tremendous contribution to the universities, to education.”
He noted that “China is Texas’s second largest trading partner. And China is the third largest purchaser of Texas goods.”Increased diplomatic tensions after the US shot down an alleged Chinese surveillance balloon over the weekend may boost efforts to restrict foreign real estate ownership, Mr Wu said.
The state legislature, citing national security concerns, passed a law that barred any project linked to the governments of China or the other three nations from connecting to the grid.
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