The bill would prohibit covered persons from purchasing housing in the United States beginning on the date of enactment. Covered persons would have up to two years after enactment to divest existing U.S. housing and sell it to a U.S. citizen or corporation. Covered persons would include certain citizens of foreign countries of concern, entities with specified foreign ownership, foreign entities of concern, and foreign adversaries or state sponsors of terrorism and affiliated persons.

FactVote-generated overview; it is not an official CRS summary.