Prohibits the sale or lease of any property in the state to the People's Republic of China or the Chinese communist party

This bill prohibits any person or entity from selling, leasing, or transferring ownership of real property in New York State to the People's Republic of China, the Chinese Communist Party, or their affiliated organizations. It directly affects property owners, sellers, and lessees who might engage in transactions with these entities. The law authorizes the state attorney general to enforce it by seeking court orders to stop violations, including injunctions or declaratory relief for properties already sold or leased in violation. The policy change explicitly bans such transactions without exceptions, making them unlawful under New York law.