Texas has introduced new legislation aimed at targeting Chinese land ownership in the state. The bill, known as House Bill 36, was proposed by State Representative Mayes Middleton and is currently under consideration by the Texas House of Representatives.
The legislation comes amidst growing concerns about Chinese investment in American land and assets. Middleton stated that the bill is needed to protect Texas land from foreign ownership, particularly by Chinese entities. He emphasized the importance of protecting Texas’ sovereignty and ensuring that its land remains in the hands of Texans.
If passed, House Bill 36 would require any foreign entity seeking to purchase land in Texas to disclose their ownership and submit their plans to the Texas Land Commissioner for approval. The bill would also give the Land Commissioner the authority to deny a sale if it is deemed to be against the state’s interests.
Middleton’s bill has received support from a number of lawmakers, who believe that it is necessary to safeguard Texas’ resources and prevent foreign entities from gaining a significant foothold in the state. However, some critics have raised concerns about the potential impact of the bill on foreign investment in Texas and its possible implications for international relations.
Overall, the introduction of House Bill 36 reflects a growing trend of states taking action to limit foreign ownership of land and assets. If the bill is ultimately passed, it could have significant implications for Chinese investment in Texas and may set a precedent for other states to follow suit in protecting their resources from foreign ownership.
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