As expected, Texas Governor Greg Abbott signed a law that prohibits individuals and entities from China and other designated countries from owning real property in the state. A similar law in Florida is being challenged as unconstitutional. Details, plus an update on the “Texas CFIUS,” are inside.
A bill has been proposed in the State of Texas that would create a Texas Committee on Foreign Investment, which would be responsible for reviewing certain foreign transactions. Experts say this is one of the first “local CFIUS” committees proposed, but it probably won’t be the last.