Foreign Property Ownership Transparency Act

This bill directs the Comptroller General to study foreign purchases of U.S. residential real estate since 2015, focusing on ownership structures (like shell companies), geographic patterns, and impacts on housing affordability. It requires a report to Congress within one year, analyzing how foreign buying affects housing markets and data gaps. The Department of Housing and Urban Development (HUD) must then assess these findings and propose recommendations to improve transparency and protect housing access for U.S. residents within 180 days of the study’s completion. The bill itself does not change laws but mandates data collection and policy analysis to inform future decisions.