Prohibits the sale or lease of any property in the state to the People's Republic of China or the Chinese communist party

2025 Regular Session Introduced by Tom O'Mara

Prohibits sale or lease of any property in the state to the PRC or CCP, affecting owners, buyers, lessees, landlords, and brokers; enforcement and penalties to be defined.

REFERRED TO RULES

Overview

Bill number: S 8490

Title: Prohibits the sale or lease of any property in the state to the People’s Republic of China or the Chinese Communist Party

Status: Referred to Rules

Introduction date: August 22, 2025

Primary sponsor: Thomas F. O’Mara

Related bills: Companion in the Assembly — A 9031 (listed twice)

Purpose and Intent

The bill seeks to restrict real estate transactions within the state by prohibiting the sale or lease of any property to the People’s Republic of China (PRC) or the Chinese Communist Party (CCP). The stated objective is to curb or preclude ownership or long-term occupancy of state property by entities connected to the PRC/CCP.

Key Provisions (as described)

Prohibition on the sale of any property located within the state to:

The People’s Republic of China, and/or
The Chinese Communist Party

Prohibition on the lease of any property located within the state to:

The People’s Republic of China, and/or
The Chinese Communist Party

Note: The summary provided does not include the bill’s full text, definitions, or any enumerated exceptions, penalties, or enforcement mechanisms. The description focuses on the central prohibition and its target.

Scope and Affected Parties

Geographic scope: All property located within the state (i.e., in-state real estate).

Affected entities and individuals:

Property owners, including individual owners and corporate entities
Real estate developers and investors
Landlords and property managers
Prospective buyers and lessees, including tenants and lessees entering into lease agreements
Real estate brokers and allied professionals involved in transactions

Procedural and Timeline Aspects

Legislative actions to date:

2025-08-22: Referred to Rules (listed as the action history)

Process status: As of the provided information, the bill is in the Rules committee stage; no floor consideration or final passage details are provided.

Companion bill: A 9031 in the Assembly, indicating parallel legislation with a companion sponsor.

Potential Impact and Considerations

Policy impact: The bill would create a categorical bar on in-state property sales and leases to PRC/CCP-affiliated entities, potentially affecting foreign ownership patterns and real estate market dynamics.

Compliance considerations: If enacted, parties involved in property transactions would need to verify buyer/lessee eligibility with respect to PRC/CCP affiliation and adjust due diligence processes accordingly.

Enforcement and penalties: Not specified in the provided information; future text would be needed to understand remedies, penalties, and enforcement mechanisms.

Economic and geopolitical considerations: Could affect foreign investment sentiment, risk assessment for real estate portfolios, and state-level foreign ownership policies.

This summary presents the essential elements available from the provided bill information. For a complete understanding, the full bill text, definitions, exemptions, enforcement provisions, and fiscal notes (if any) should be reviewed once they are published.

Bill