Ban Chinese Communist and Islamist Home Ownership Act

This bill prohibits individuals from specific foreign nations, including China, and designated terrorist states from buying or owning residential property in the United States. It requires the President to issue rules enforcing this ban and mandates that any existing homes owned by these groups be sold to U.S. citizens or corporations within two years. The law defines "covered persons" broadly to include citizens of targeted countries, their affiliated corporations, and entities linked to foreign adversaries or state sponsors of terrorism.