1 | 1 | | II |
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2 | 2 | | 119THCONGRESS |
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3 | 3 | | 1 |
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4 | 4 | | STSESSION S. 176 |
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5 | 5 | | To direct the President to take such actions as may be necessary to prohibit |
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6 | 6 | | the purchase of public or private real estate located in the United |
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7 | 7 | | States by citizens and entities of the People’s Republic of China, and |
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8 | 8 | | for other purposes. |
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9 | 9 | | IN THE SENATE OF THE UNITED STATES |
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10 | 10 | | JANUARY22, 2025 |
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11 | 11 | | Mr. C |
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12 | 12 | | OTTON(for himself, Mr. CRAMER, and Mrs. BRITT) introduced the fol- |
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13 | 13 | | lowing bill; which was read twice and referred to the Committee on For- |
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14 | 14 | | eign Relations |
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15 | 15 | | A BILL |
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16 | 16 | | To direct the President to take such actions as may be |
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17 | 17 | | necessary to prohibit the purchase of public or private |
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18 | 18 | | real estate located in the United States by citizens and |
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19 | 19 | | entities of the People’s Republic of China, and for other |
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20 | 20 | | purposes. |
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21 | 21 | | Be it enacted by the Senate and House of Representa-1 |
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22 | 22 | | tives of the United States of America in Congress assembled, 2 |
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23 | 23 | | SECTION 1. SHORT TITLE. 3 |
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24 | 24 | | This Act may be cited as the ‘‘Not One More Inch 4 |
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25 | 25 | | or Acre Act’’. 5 |
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28 | 28 | | •S 176 IS |
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29 | 29 | | SEC. 2. PROHIBITION ON PURCHASE OF PUBLIC OR PRI-1 |
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30 | 30 | | VATE REAL ESTATE LOCATED IN THE UNITED 2 |
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31 | 31 | | STATES BY CITIZENS AND ENTITIES OF THE 3 |
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32 | 32 | | PEOPLE’S REPUBLIC OF CHINA. 4 |
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33 | 33 | | (a) I |
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34 | 34 | | NGENERAL.—Notwithstanding any other provi-5 |
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35 | 35 | | sion of law, the President shall take such actions as may 6 |
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36 | 36 | | be necessary— 7 |
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37 | 37 | | (1) to prohibit the purchase, on or after the 8 |
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38 | 38 | | date of the enactment of this Act, of public or pri-9 |
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39 | 39 | | vate real estate located in the United States by— 10 |
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40 | 40 | | (A) any citizen of the People’s Republic of 11 |
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41 | 41 | | China; 12 |
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42 | 42 | | (B) any covered foreign entity; or 13 |
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43 | 43 | | (C) any foreign person acting for or on be-14 |
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44 | 44 | | half of the Chinese Communist Party, a covered 15 |
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45 | 45 | | foreign entity, or a citizen of the People’s Re-16 |
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46 | 46 | | public of China; and 17 |
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47 | 47 | | (2) if the President determines that the owner-18 |
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48 | 48 | | ship, as of such date of enactment, by a person de-19 |
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49 | 49 | | scribed in subparagraph (A), (B), or (C) of para-20 |
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50 | 50 | | graph (1) of real estate located in the United States 21 |
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51 | 51 | | poses a national security risk to the United States, 22 |
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52 | 52 | | to require the sale of such real estate by not later 23 |
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53 | 53 | | than the date that is one year after such date of en-24 |
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54 | 54 | | actment. 25 |
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55 | 55 | | (b) E |
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56 | 56 | | XCEPTIONS.— 26 |
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59 | 59 | | •S 176 IS |
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60 | 60 | | (1) EXCEPTION FOR REFUGEES .—Subsection 1 |
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61 | 61 | | (a) does not apply with respect to a citizen of the 2 |
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62 | 62 | | People’s Republic of China who— 3 |
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63 | 63 | | (A) entered the United States as a refugee 4 |
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64 | 64 | | (as defined in section 101(a)(42) of the Immi-5 |
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65 | 65 | | gration and Nationality Act (8 U.S.C. 6 |
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66 | 66 | | 1101(a)(42))); or 7 |
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67 | 67 | | (B) was granted asylum or withholding of 8 |
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68 | 68 | | removal under section 208 or 241(b)(3) that 9 |
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69 | 69 | | Act (8 U.S.C. 1158 and 1231(b)(3)). 10 |
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70 | 70 | | (2) E |
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71 | 71 | | XCEPTION FOR PROPERTY OF UNITED 11 |
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72 | 72 | | STATES NATIONALS .—Subsection (a)(2) does not 12 |
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73 | 73 | | apply with respect to the sale of real estate owned 13 |
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74 | 74 | | or otherwise held for personal use by a United 14 |
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75 | 75 | | States citizen or an alien lawfully admitted for per-15 |
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76 | 76 | | manent residence to the United States. 16 |
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77 | 77 | | (c) D |
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78 | 78 | | EFINITIONS.—In this section: 17 |
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79 | 79 | | (1) C |
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80 | 80 | | OVERED FOREIGN ENTITY .—The term 18 |
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81 | 81 | | ‘‘covered foreign entity’’ means an entity— 19 |
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82 | 82 | | (A) acting on behalf of or otherwise di-20 |
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83 | 83 | | rected by the Government of the People’s Re-21 |
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84 | 84 | | public of China or the Chinese Communist 22 |
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85 | 85 | | Party; 23 |
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86 | 86 | | (B) that— 24 |
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89 | 89 | | •S 176 IS |
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90 | 90 | | (i) is organized under the laws of the 1 |
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91 | 91 | | People’s Republic of China; 2 |
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92 | 92 | | (ii) has a principal place of business 3 |
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93 | 93 | | in the People’s Republic of China; or 4 |
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94 | 94 | | (iii) is owned or controlled by, or oth-5 |
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95 | 95 | | erwise subject to the jurisdiction of, the 6 |
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96 | 96 | | Government of the People’s Republic of 7 |
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97 | 97 | | China or the Chinese Communist Party; or 8 |
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98 | 98 | | (C) that is a subsidiary of an entity de-9 |
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99 | 99 | | scribed in subparagraph (B). 10 |
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100 | 100 | | (2) F |
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101 | 101 | | OREIGN PERSON.—The term ‘‘foreign per-11 |
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102 | 102 | | son’’ means an individual or entity that is not a 12 |
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103 | 103 | | United States person. 13 |
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104 | 104 | | (3) U |
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105 | 105 | | NITED STATES.—The term ‘‘United 14 |
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106 | 106 | | States’’ means the several States, the District of Co-15 |
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107 | 107 | | lumbia, the Commonwealth of Puerto Rico, the Com-16 |
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108 | 108 | | monwealth of the Northern Mariana Islands, Amer-17 |
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109 | 109 | | ican Samoa, Guam, the United States Virgin Is-18 |
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110 | 110 | | lands, and any other territory or possession of the 19 |
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111 | 111 | | United States. 20 |
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112 | 112 | | (4) U |
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113 | 113 | | NITED STATES PERSON .—The term 21 |
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114 | 114 | | ‘‘United States person’’ means— 22 |
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115 | 115 | | (A) a United States citizen or an alien law-23 |
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116 | 116 | | fully admitted for permanent residence to the 24 |
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117 | 117 | | United States; or 25 |
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120 | 120 | | •S 176 IS |
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121 | 121 | | (B) an entity organized under the laws of 1 |
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122 | 122 | | the United States or any jurisdiction within the 2 |
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123 | 123 | | United States, including a foreign branch of 3 |
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124 | 124 | | such an entity. 4 |
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125 | 125 | | SEC. 3. PENALTY AMOUNT UNDER AGRICULTURAL FOR-5 |
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126 | 126 | | EIGN INVESTMENT DISCLOSURE ACT OF 1978. 6 |
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127 | 127 | | Section 3(b) of the Agricultural Foreign Investment 7 |
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128 | 128 | | Disclosure Act of 1978 (7 U.S.C. 3502(b)) is amended 8 |
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129 | 129 | | by striking ‘‘exceed 25 percent of’’ and inserting ‘‘be less 9 |
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130 | 130 | | than 10 percent, or exceed 25 percent, of’’. 10 |
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131 | 131 | | Æ |
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