A bill to impose certain sanctions against countries which expropriate real property of United States persons.

[AI summary unavailable — showing source text] Sets forth sanctions the President shall impose upon countries that have: (1) nationalized, expropriated, or seized real property owned by U.S. persons; (2) taken steps to repudiate or nullify an existing contract or agreement, effectively nationalizing, expropriating, or seizing the property; (3) imposed or enforced measures with respect to such property, effectively nationalizing, expropriating, or seizing the property; or (4) imposed provisions that apply to real property securing a loan granted by a U.S. person and that are different from those applicable to the citizens of the foreign country. Exempts from such sanctions those countries that the President determines: (1) have compensated the U.S. person; (2) are negotiating to provide adequate compensation under international law; or (3) have submitted a compensation dispute to a mutually agreed upon arbitral forum. Requires the President to report such findings to both Houses of Congress. Lists as the sanctions the President shall impose: (1) suspension of landing rights to the aircraft of the foreign country or to the aircraft of another country if the aircraft lands in that foreign country; (2) denial of entry into U.S. ter…