July 24, 2024 4:59 PM
With an eye toward avoiding mistakes of last session, a special Texas House panel begins looking into foreign ownership of real property in Texas
Business groups and Asian American Republicans weigh in with concerns about discrimination and the state possibly creating additional burdens in legitimate financial transactions
The Texas
House Select Committee on Securing Texas from Hostile Foreign Organizations
on Wednesday held its first hearing, putting a priority of the state’s hard
right flank front and center while broadening its scope from bumper sticker
politics.
In March, GOP
primary voters overwhelmingly passed a nonbinding resolution calling for a ban
on the sale of foreign land to citizens, governments, and entities from China,
Iran, North Korea, and Russia.
Texas
House Speaker Dade
Phelan formed this select committee on the issue in May.
Chairman Cole
Hefner stressed that policymakers need to take a dynamic view, looking at
all forms of infrastructure and property including intellectual property. “We
live in precarious times where foreign hostile governments and agents threaten
us,” Hefner said. “But this is a nonpartisan issue.”
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