119th Congress · introduced in the House · May 23, 2025
Real Estate Reciprocity Act
Official title from Congress.gov
Latest action (May 23, 2025): Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in House (May 23, 2025)
Real Estate Reciprocity Act
This bill establishes a federal excise tax and information reporting requirements related to the acquisition of real property in the United States by certain persons from countries that prohibit U.S. citizens from owning property (disqualified country).
The excise tax is 50% of the amount paid for the real property by a disqualified person. A disqualified person is
• a citizen of a disqualified country (other than a U.S. citizen or lawful permanent resident);
• an entity domiciled in a disqualified country;
• a disqualified country; and
Show the full summary (5 more paragraphs)No cosponsors.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
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Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committee on Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
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