This bill, titled the "Not One More Inch or Acre Act," aims to restrict real estate ownership in the United States by individuals and entities associated with the People's Republic of China. It directs the President to take necessary actions to prohibit the purchase of any public or private real estate by citizens of the People's Republic of China, covered foreign entities, or foreign persons acting on their behalf or for the Chinese Communist Party. Furthermore, the bill mandates that if the President determines existing real estate ownership by these parties poses a national security risk , the President must require the sale of such property within one year of the bill's enactment. Exceptions to the purchase prohibition include citizens of the People's Republic of China who entered the U.S. as refugees or were granted asylum. The requirement for forced sale of existing property does not apply to real estate owned for personal use by United States citizens or lawful permanent residents. Finally, the bill amends the Agricultural Foreign Investment Disclosure Act of 1978 to adjust the penalty for non-compliance, specifying that the penalty amount shall now be not less than 10 percent , or exceed 25 percent, of the fair market value of the interest in agricultural land.