Ban Chinese Communist and Islamist Home Ownership Act

Beginning on the date of enactment of this Act, any covered person may not purchase housing in the United States.

Notwithstanding any other provision of law, the President shall direct the heads of the Federal departments and agencies to promulgate rules and regulations to prohibit the purchase and ensure divestment of housing located in the United States by a covered person.

Not later than 2 years after the date of enactment of this Act, any covered person shall—

(1) divest from any housing held by such covered person in the United States; and

(2) sell such housing to a citizen or corporation of the United States.

For the purposes of this section:

The term covered person means—

(A) an individual that is a citizen of a foreign country of concern, who is not also a citizen of the United States;

(B) a corporation with any ownership stake by such individual;

(C) a foreign entity of concern, including corporations with any ownership stake by a foreign entity of concern; and

(D) a foreign adversary, a state sponsor of terrorism, any agent or instrumentality of a foreign adversary or a state sponsor of terrorism, or any person owned or controlled by, or affiliated with, a foreign adversary or a state sponsor of terrorism;

The term foreign adversary means any foreign government or foreign nongovernment person engaged in a long-term pattern or serious instances of conduct significantly adverse to the national security of the United States or security and safety of United States persons.

The term Foreign Country of Concern has the meaning given to it in Section 10612(a)(1) of the CHIPS and Science Act (42 U.S.C. 19221).

The term Foreign Entity of Concern has the meaning given to it in Section 10612(a)(2) of the CHIPS and Science Act (42 U.S.C. 19221).

The term housing means a structure or portion of a structure, that is designed or used for human habitation and provides living facilities for at least one person.

The term state sponsor of terrorism means a country the government of which the Secretary of State determines has repeatedly provided support for international terrorism pursuant to—

(A) section 1754(c)(1)(A) of the Export Control Reform Act of 2018 (50 U.S.C. 4318(c)(1)(A));

(B) section 620A of the Foreign Assistance Act of 1961 (22 U.S.C. 2371);

(C) section 40 of the Arms Export Control Act (22 U.S.C. 2780); or

(D) any other provision of law.

The term United States means the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, American Samoa, Guam, the United States Virgin Islands, and any other territory or possession of the United States.