HF 542: Prohibiting the government of, and persons and entities from, the People’s Republic of China, and companies or persons under control of the communist party of China, from acquiring or owning real property located in the state

What it does

This bill prohibits the government of, and persons and entities from, the People’s Republic of China, and companies or persons under the control of the communist party of China, from acquiring or owning real property located in the state. The bill provides that effective July 1, 2023, the government of the People’s Republic of China (government), a corporation incorporated under the laws of the government of the People’s Republic of China (corporation) or a business entity whether or not incorporated in which a majority interest is owned directly or indirectly by nonresident aliens from the People’s Republic of China (entity), and a company or a person under the control of the communist party (company or person) of China shall not acquire by grant, purchase, devise, or descent any real property, including agricultural land, located in this state.

Lobbying · 0 for, 1 against

Against: Smithfield Foods, Inc.

In plain words

1. March 1, 2023Filed in the House and sent to the Commerce committee