Bill · S. 2368· Senate(119-S-2368)

Defending American Property Abroad Act of 2025

Age: 67 years

Tennessee

Introduced: 7/21/2025
Last activity: 7/21/2025 — Read twice and referred to the Committee on Finance.
Sponsored by: Bill Hagerty
Cosponsors: - 10 - 2

Foreign Trade and International Finance

Introduced
In Committee

What this bill would do

The Defending American Property Abroad Act of 2025 seeks to protect United States persons from foreign governments that nationalize or expropriate their property. The bill directs the Secretary of Homeland Security to identify "prohibited property," which includes specific ports or marine terminals in countries with free trade agreements with the U.S. that have seized land owned by U.S. persons. Once designated, the President will prohibit vessels from those locations from importing goods, docking passenger vessels, or performing maintenance in the United States. Additionally, the bill amends the Trade Act of 1974 to include the expropriation of assets as an unreasonable or discriminatory practice.

Yes· 3 of 5

Would business owners be better off under this?+5
The bill provides protections against the nationalization and expropriation of business assets by foreign governments.
Does this protect the right to fair treatment by the courts?+5
The bill expands the definition of unreasonable trade practices to include the denial of due process regarding United States assets.
Would people with substantial wealth be better off under this?+4
The bill provides specific protections for United States persons against the seizure of their large-scale land or contract assets.

The opposite

Does this make trade with other countries easier?-3
The bill introduces new trade prohibitions and restrictions on vessels from specific designated ports.
Does this strengthen ties with allied countries?-2
The bill could strain relations with trade partners in the Western Hemisphere through unilateral trade prohibitions.
Is this likely to grow the economy?-2
The bill may decrease trade efficiency by imposing prohibitions on certain vessels and goods.