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A bill has been introduced in the Texas Legislature to prohibit individuals and entities from China, North Korea, Iran, and Russia from purchasing land in the state. Concerns about foreign ownership of property in Texas, particularly by these governments, have prompted this bill. The aim is to prevent potential security risks and ensure that individuals are not acting on behalf of foreign governments surreptitiously. Senate Bill 147 may impact foreign individuals seeking to achieve the American dream by purchasing property in Texas.
