TX SB17

Prohibits governments, companies, and individuals from "designated countries" (nations identified as national security threats in U.S. intelligence assessments, including China, Russia, Iran, and North Korea) from purchasing or acquiring real property interests in Texas, including agricultural land, commercial/industrial/residential property, minerals, groundwater, and water rights

Exempts U.S. citizens, lawful permanent residents, entities owned/controlled by them, and leasehold interests under one year; individuals lawfully present in the U.S. may still purchase residential property for use as their homestead

Grants the governor authority to designate additional countries or transnational criminal organizations as subject to the prohibition after consulting with the Department of Public Safety and Homeland Security Council

Empowers the attorney general to investigate potential violations, bring in rem actions against properties, and seek court-ordered divestiture through appointment of a receiver to sell the property

Creates a state jail felony for individuals who intentionally or knowingly violate the prohibition, and imposes civil penalties on companies/entities of the greater of $250,000 or 50% of the property's market value

Takes effect September 1, 2025, and applies only to property purchases or acquisitions occurring on or after that date