,i #aah? ,,congress #a/ ,session ,h4 ,r4 #hdj ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #f1 #bjbc,mrs4 ,mill] ( ,ill9ois introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,=eign ,affairs ,a ,,bill ,to prohibit ! pur*ase ( public or private real e/ate locat$ 9 ! ,unit$ ,/ates by =eign p]sons1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,sav+ ,am]ican ,f>ms f ,adv]s>ies ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,=eign inve/m5t 9 ,unit$ ,/ates f>ml& has tripl$ dur+ ! pa/ #aj ye>s4 7#b7 ,=eign companies & individuals h pur*as$ #hec1hac acres ( agricultural l& 9 ,ill9ois4 ,! pur*ases are wor? approximately #f4c billion4 7#c7 ,r\ghly #dg p]c5t ( rural r5t]s pay a ?ird or m ( _! income 9 r5t ea* mon?4 ,! ,f$]al ,gov]nm5t has done no?+ to help rural ,am]icans deal ) ! ris+ co/s 9 h\s+4 7#d7 ,*9ese nationals h l$ =eign inve/m5ts 9 homes 9 ! ,unit$ ,/ates = ! pa/ sev5 ye>s4 ,! ,*9ese ,communi/ ,p>ty is attempt+ to buy l& 9 ! ,unit$ ,/ates1 ) an emphasis on f>ml& to ga9 /rategic lev]age ov] ! ,unit$ ,/ates4 7#e7 ,=eign inve/ors n[ acc\nt = almo/ "o-?ird ( in/itutional inve/m5t 9 s+le-family r5tal homes 9 ! ,unit$ ,/ates4 ,?is increases ! price & makes x m difficult = ,am]icans to pur*ase a home4 7#f7 ,increas$ =eign inve/m5t 9 ,wa%+ton1 ,,dc1 & o!r urban areas has l$ to a rise 9 g5trification1 pu%+ _m long-"t resid5ts out ( _! homes1 includ+ "s ( our mo/ vuln]able & poor communities4 7#g7 ,=eign]s h be5 abus+ ! ,,eb-#e visa sy/em1 :i* all[s =eign nationals to obta9 gre5 c>ds if !y inve/ 9 specific bus9ess v5tures4 ,! rules to acquire an ,,eb-#e visa %\ld be made m /r+5t4 7#h7 ,curr5t ,unit$ ,/ates laws are design$ 9 a way t makes x m pr(itable = =eign inve/ors to inve/ 9 prop]ty 9 ! ,unit$ ,/ates ?an _! c\ntry ( orig94 7#i7 ,! ,=eign ,inve/m5t ,risk ,act ( #bjah /r5g!n$ ! ,committee on ,=eign ,inve/m5t 9 ! ,unit$ ,/ates 7,,cfius7 by among o!r measures giv+ x m jurisdiction ov] real e/ate transactions4 ,specifically1 ,,cfius n[ has jurisdiction to review pur*ases & leases ( real e/ate by =eign nationals reg>dless ( :e!r ! transactions involve ,unit$ ,/ates bus9esses4 ,m action is /ill ne$$ to make ! rules ( ,,cfius m /rict4 7#aj7 ,) ea* additional l& pur*ase made by a =eign national or =eign entity1 ,am]ican sov]eignty is fur!r erod$4 #c4 ,prohibition on pur*ase ( public or private real e/ate locat$ 9 ! ,unit$ ,/ates by =eign p]sons 7a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 = ! #e-ye> p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,presid5t %all take su* actions z may be necess>y to prohibit ! pur*ase ( public or private real e/ate locat$ 9 ! ,unit$ ,/ates by any =eign p]son4 7b7 ,,gao report 7#a7 ,9 g5]al ,n lat] ?an #f mon?s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ,congress a report t-- 7,a7 details ! hi/ory ( pur*ases ( public & private real e/ate locat$ 9 ! ,unit$ ,/ates by =eign p]sons2 7,b7 provides m in=mation on ! p]c5tage ( real e/ate locat$ 9 ! ,unit$ ,/ates t is own$ by =eign p]sons2 & 7,c7 (f]s recomm5dations to make x easi] = ,unit$ ,/ates citiz5s & h>d] = =eign p]sons to pur*ase real e/ate locat$ 9 ! ,unit$ ,/ates1 includ+ f>ml&4 7#b7 ,=m ,! report requir$ by p>agraph 7#a7 %all be submitt$ 9 unclassifi$ =m1 b may conta9 a classifi$ annex if necess>y4 #d4 ,def9itions ,9 ?is ,act3 7#a7 ,=eign p]son ,! t]m =eign p]son-- 7,a7 means-- 7i7 any =eign national1 =eign gov]nm5t1 or =eign entity2 or 7ii7 any entity ov] :i* control is ex]cis$ or ex]cisable by a =eign national1 =eign gov]nm5t1 or =eign entity2 & 7,b7 includes a corporation1 p>tn]%ip1 or o!r association-- 7i7 creat$ "u ! laws ( a =eign c\ntry2 & 7ii7 sub/antially b5eficially own$ by nationals ( t =eign c\ntry or any o!r =eign c\ntry4 7#b7 ,unit$ ,/ates ,! t]m ,unit$ ,/ates means ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ! ,commonweal? ( ,pu]to ,rico1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 ,am]ican ,samoa1 ,guam1 ! ,unit$ ,/ates ,virg9 ,isl&s1 & any o!r t]ritory or possession ( ! ,unit$ ,/ates4