HR 3588
Real Estate Reciprocity Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 6:33 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Real Estate Reciprocity Act aims to increase transparency and tax reporting for real estate purchases in the United States by non-citizens. It requires non-citizens to report real estate acquisitions to the IRS, imposes a 50% tax on real estate purchases by ‘disqualified persons’ (defined broadly to include foreign entities and individuals meeting certain control thresholds), and establishes a reporting mechanism for these acquisitions. The bill also directs the State Department to report on foreign countries that restrict ownership of real estate by U.S. citizens.
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