Bill · S. 2573· Senate(119-S-2573)
Foreign Property Ownership Transparency Act
- Introduced
- 7/31/2025
- Last activity
- 7/31/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Marsha Blackburn
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Foreign Property Ownership Transparency Act directs the Comptroller General to study the purchase of residential real estate by foreign individuals, entities, and governments. This study aims to analyze the volume, geographic concentration, and ownership structures like shell companies and trusts used in these transactions. It also evaluates how these purchases impact housing affordability and reviews national security concerns related to property proximity to sensitive sites. Additionally, the Secretary of Housing and Urban Development will review the study's findings and consult with local authorities. Finally, the Secretary must submit a report to Congress containing recommendations for improving transparency and protecting residential real estate access for U.S. residents.
Yes· 3 of 7
Does this make housing cost less?+3
The bill directs a study and subsequent recommendations to address the impact of foreign purchases on housing affordability.
Does this make what the government does easier for the public to see?+3
The bill aims to investigate ownership structures like shell companies to improve transparency in property transactions.
Would households on low incomes be better off under this?+2
The bill examines the impact of foreign real estate investment on housing affordability for residents.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Transparency: The study seeks to assess ownership structures like shell companies and trusts, which could lead to a better understanding of who is actually buying property (Section 3(b)(2)).
-
Addressing Housing Affordability: The bill requires an evaluation of how foreign purchases impact the availability and affordability of housing for residents of the United States (Section 3(b)(3)).
-
National Security Protections: The study includes a review of national security concerns, specifically regarding the proximity of properties to sensitive sites (Section 3(b)(5)).
-
Improved Access to Housing: The Secretary of HUD is tasked with creating recommendations to protect access to residential real estate transactions for people living in the United States (Section 4(b)(2)).
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+2Good For Middle Class Households+2Good For Urban Residents+2
- Social Issues And Justice
- Improves Affordable Housing+3Improves Poverty Reduction+1
- Governance And Ideology
- Improves Government Transparency+3
- Economy And Finance
- Improves Consumer Protection+2
- 7/31/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate