Restrict Real Estate Ownership by Non-U.S. Citizens

Economy
1

Draft Law: Restrict Real Estate Ownership by Non-U.S. Citizens

Section 1: Title and Purpose

This law shall be known as the “U.S. Sovereignty Real Property Ownership Act.” The purpose of this Act is to ensure real estate and real property within the jurisdiction of the United States is primarily owned by U.S. citizens, thereby protecting national security, national interests and promoting domestic economic stability.

Section 2: Definitions

For the purposes of this Act:

  1. Real Estate/Real Property: All land and anything permanently affixed to it, including buildings and structures.
  2. Non-U.S. Citizen: Any individual or entity that is not a citizen of the United States, including foreign nationals, foreign corporations, or foreign nations.
  3. Embassy or Consulate: A diplomatic mission located in the territory of another nation, representing the interests of the sending state.

Section 3: Ownership Restrictions

  1. No real estate or real property that falls under U.S. sovereignty may be purchased or owned by non-U.S. citizens.
  2. The only exception to this restriction shall be for small plots of land designated for embassies or consulates. In the event the embassy or consulate is closed or abandoned the property shall be held by the US government, specifically the General Services Administration for caretaking for seven years during which time the previous tenant may reclaim it, after the seven years the property shall be disposed of at auction with no minimum bid and the amount of sale returned to the nation previously in residence or its successor.

Section 4: Embassy Plot Designation

  1. Small plots of land for embassies must be:
    • Limited to a size determined by the local legislature.
    • Approved by the local legislature and the U.S. Department of State.
  2. The approval process shall include:
    • A review of the location for suitability and security.
    • Consideration of local community impact.

Section 5: Enforcement and Penalties

  1. This law shall be enforced by the appropriate federal and local authorities.
  2. Any violation of this law shall result in:
    • Immediate forfeiture of the property.
    • Potential fines as determined by the enforcing agency.

Section 6: Severability

If any provision of this Act is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

Section 7: Effective Date

This Act shall take effect immediately upon passage.

Section 8: Review

A review of this law shall be conducted every five years to assess its impact on national interests and economic stability, with recommendations for amendments as necessary.

Section 9: Conclusion

The U.S. Sovereignty Real Property Ownership Act is enacted to safeguard the nation’s real estate from foreign ownership, thereby reinforcing U.S. sovereignty and enhancing community integrity

4 Likes
2

This proposal would completely rewrite/reset all existing constitutional business law. For example, lets say some extemely successful foreign company comes to the u.s. to do business, suddenly they cant buy any real estate to do business, they cant do anything but rent a building, but there are no buildings to rent. They could build, but they cant own the land so.they dont.

I have several more examples that layout why this is not feasible, completely unenforceable, and easily avoidable, lets see if anyone else has any examples.

3

I would prefer doing business with AMERICAN-owned companies. We must protect our sovereignty! Successful foreign companies can continue to manufacture in their own country and have their goods imported into the US subject to any tariffs.