TX HB4606

Prohibits "foreign adversaries" (China, Russia, Iran, North Korea, and entities they control) from holding or acquiring any interest in real property in Texas, with violations requiring divestiture within 180 days

Bars individuals domiciled in foreign adversary countries and certain foreign-controlled organizations from acquiring agricultural land or property within 25 miles of critical infrastructure

Establishes a homeland security review committee (composed of the governor, lieutenant governor, speaker, attorney general, adjutant general, and agriculture commissioner) to identify critical infrastructure, set distance thresholds for property restrictions, and approve or disapprove certain real property transactions

Requires mandatory reporting to the committee for covered transactions involving commercial property, multifamily housing with 3+ units, or property meeting acreage/parcel thresholds set by the committee, with reports due 30 days before closing or 30 days after acquisition

Authorizes the attorney general to acquire non-compliant foreign-owned property through eminent domain proceedings upon committee direction, with sale proceeds (after satisfying liens) forfeited to the state general revenue fund

Creates a second-degree felony offense for intentionally making false reports to conceal the identity of a foreign property holder to evade the law