Relating to interests of certain foreign governments in real property.

HB 4296 prohibits foreign governments of China, Iran, Iraq, North Korea, Russia, or Syria, or entities they control, from leasing, purchasing, or acquiring real property in Texas. It allows existing property interests held by these entities as of August 31, 2025, but bans renewal of such interests after September 1, 2025. The law amends the Texas Property Code to create these restrictions, taking effect on September 1, 2025. This bill directly affects foreign governments and their controlled entities seeking to own or lease property in Texas.