New York Assembly Bill A09031

New York 2025-2026 Regular Session

• Introduced: 9/5/25
• Refer: 9/5/25
• Refer: 1/7/26

Caption

Prohibits the sale or lease of any property in the state to the People's Republic of China or the Chinese communist party.

Impact

If enacted, A09031 would have significant implications for real estate transactions involving foreign entities, specifically targeting the PRC and its affiliated organizations. The bill would empower the Attorney General to enforce these provisions, allowing for actions against any entity that violates this prohibition. This would create a stricter regulatory environment for property sales and leases, potentially limiting foreign investments in New York's real estate market.

Summary

A09031 is a proposed bill in the New York Assembly aimed at prohibiting the sale or lease of any real property to the People's Republic of China (PRC) or the Chinese Communist Party. This bill seeks to address concerns about foreign ownership of land and property, particularly emphasizing the need to maintain local control and security within the state. The law is set to amend existing real property law by introducing a new article specifically focusing on this prohibition.

Contention

The bill has sparked considerable debate among legislators and the public. Supporters argue that the measure is necessary to protect national security and local interests, while opponents raise concerns about the broader impacts on foreign investment and the possible perception of discrimination against businesses from a particular country. As such, the bill reflects ongoing tensions related to national security and economic policy, highlighting the complexities involved in regulating foreign ownership of domestic assets.