South Carolina passes bill banning Chinese citizens from buying land
The bill is expected to impact Chinese-owned companies and individuals looking to purchase over five acres of land
SOUTH CAROLINA’S SENATE passed a bill preventing “alien land ownership” on Thursday.
Approved by a 31-5 vote, the bill will prevent citizens of “foreign adversaries” from buying property in the state. As defined by the U.S. Department of Commerce, foreign adversary countries include China, Russia, Cuba, Iran and North Korea.
The bill aims to prevent “corporations controlled by a foreign adversary” from acquiring real property and “reduce the amount of real property that an alien or corporation may acquire.”
The bill is expected to impact Chinese-owned companies, even if only partially owned.
Chinese citizens would also be prevented from collectively owning more than 20% of a landowning company or individually owning more than 10%.
Thus, while those with “adversary” nation citizenship would be able to open local businesses, they would be unable to own the land needed for operations.
Chinese citizens will also be banned from buying any new property.
Exceptions to the bill include U.S. citizens, legal permanent residents of the U.S. and foreign citizens purchasing land under five acres for residential purposes.
Exceptions to the bill include U.S. citizens, legal permanent residents of the U.S. and foreign citizens purchasing land under five acres for residential purposes. 除了不能像比尔盖茨一样买大农场，其他的基本没有影响。
夕梨本梨 发表于 2023-03-29 12:53