Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 1566 prohibits certain foreign entities, including governmental organizations or businesses controlled by countries deemed national security risks by U.S. intelligence, from purchasing or acquiring real property in Texas. It establishes enforcement mechanisms through the Texas Attorney General, who can initiate legal actions, and provides remedies such as appointing a receiver to manage and sell the property involved in violations.
Author (1)