The American Civil Liberties Union says the law will have a substantial chilling effect on sales to Chinese and Asian people who can legally buy property.
U.S.-China ties are strained amid growing tensions over security and trade. In nearly a dozen statehouses and Congress, a decades-old worry about foreign land ownership has spiked since a Chinese spy balloon traversed the skies from Alaska to South Carolina last month.
The law is set to take affect July 1. It will be a felony for Chinese people to buy property in restricted areas or for any person or real estate company to knowingly sell to restricted people. For the other targeted nations, the penalty is a misdemeanor for buyers and sellers.Article content The ACLU says the law “will have the net effect of creating ‘Chinese exclusion zones’ that will cover immense portions of Florida, including many of the state’s most densely populated and developed areas.”
Those on the restricted list that already own property near critical infrastructure must register with the state or face fines of up to $1,000 a day. They’re also prohibited from acquiring additional property. The law has provisions to allow the state to seize property from violators.Article contentHeading into 2023, 14 states had laws restricting foreign ownership or investments in private agricultural land.
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