diff --git a/.README/README.md b/.README/README.md
index 701dd03a..b8a25873 100644
--- a/.README/README.md
+++ b/.README/README.md
@@ -63,6 +63,7 @@ npm install eslint babel-eslint eslint-plugin-flowtype --save-dev
       "comma"
     ],
     "flowtype/require-parameter-type": 2,
+    "flowtype/require-readonly-react-props": 0,
     "flowtype/require-return-type": [
       2,
       "always",
diff --git a/.README/rules/require-readonly-react-props.md b/.README/rules/require-readonly-react-props.md
new file mode 100644
index 00000000..5ac1d62e
--- /dev/null
+++ b/.README/rules/require-readonly-react-props.md
@@ -0,0 +1,82 @@
+### `require-readonly-react-props`
+
+This rule validates that React props are marked as $ReadOnly. React props are immutable and modifying them could lead to unexpected results. Marking prop shapes as $ReadOnly avoids these issues.
+
+The rule tries its best to work with both class and functional components. For class components, it does a fuzzy check for one of "Component", "PureComponent", "React.Component" and "React.PureComponent". It doesn't actually infer that those identifiers resolve to a proper `React.Component` object. 
+
+For example, this will NOT be checked:
+
+```js
+import MyReact from 'react';
+class Foo extends MyReact.Component { }
+```
+
+As a result, you can safely use other classes without getting warnings from this rule:
+
+```js
+class MyClass extends MySuperClass { }
+```
+
+React's functional components are hard to detect statically. The way it's done here is by searching for JSX within a function. When present, a function is considered a React component:
+
+```js
+// this gets checked
+type Props = { };
+function MyComponent(props: Props) {
+    return <p />;
+}
+
+// this doesn't get checked since no JSX is present in a function
+type Options = { };
+function SomeHelper(options: Options) {
+    // ...
+}
+
+// this doesn't get checked since no JSX is present directly in a function
+function helper() { return <p /> }
+function MyComponent(props: Props) {
+    return helper();
+}
+```
+
+The rule only works for locally defined props that are marked with a `$ReadOnly` or using covariant notation. It doesn't work with imported props:
+
+```js
+// the rule has no way of knowing whether ImportedProps are read-only
+import { type ImportedProps } from './somewhere';
+class Foo extends React.Component<ImportedProps> { }
+
+
+// the rule also checks for covariant properties
+type Props = {|
+    +foo: string
+|};
+class Bar extends React.Component<Props> { }
+
+// this fails because the object is not fully read-only
+type Props = {|
+    +foo: string,
+    bar: number,
+|};
+class Bar extends React.Component<Props> { }
+
+// this fails because spreading makes object mutable (as of Flow 0.98)
+// https://github.com/gajus/eslint-plugin-flowtype/pull/400#issuecomment-489813899
+type Props = {|
+    +foo: string,
+    ...bar,
+|};
+class Bar extends React.Component<Props> { }
+```
+
+
+```js
+{
+    "rules": {
+        "flowtype/require-readonly-react-props": 2
+    }
+}
+```
+
+
+<!-- assertions requireReadOnlyReactProps -->
\ No newline at end of file
diff --git a/src/configs/recommended.json b/src/configs/recommended.json
index 96fe620a..5f7cdabc 100644
--- a/src/configs/recommended.json
+++ b/src/configs/recommended.json
@@ -20,6 +20,7 @@
     "flowtype/require-parameter-type": 0,
     "flowtype/require-return-type": 0,
     "flowtype/require-valid-file-annotation": 0,
+    "flowtype/require-readonly-react-props": 0,
     "flowtype/semi": 0,
     "flowtype/space-after-type-colon": [
       2,
@@ -45,4 +46,4 @@
       "onlyFilesWithFlowAnnotation": false
     }
   }
-}
+}
\ No newline at end of file
diff --git a/src/index.js b/src/index.js
index b791193f..aed03f9f 100644
--- a/src/index.js
+++ b/src/index.js
@@ -20,6 +20,7 @@ import objectTypeDelimiter from './rules/objectTypeDelimiter';
 import requireCompoundTypeAlias from './rules/requireCompoundTypeAlias';
 import requireExactType from './rules/requireExactType';
 import requireParameterType from './rules/requireParameterType';
+import requireReadonlyReactProps from './rules/requireReadonlyReactProps';
 import requireReturnType from './rules/requireReturnType';
 import requireTypesAtTop from './rules/requireTypesAtTop';
 import requireValidFileAnnotation from './rules/requireValidFileAnnotation';
@@ -58,6 +59,7 @@ const rules = {
   'require-compound-type-alias': requireCompoundTypeAlias,
   'require-exact-type': requireExactType,
   'require-parameter-type': requireParameterType,
+  'require-readonly-react-props': requireReadonlyReactProps,
   'require-return-type': requireReturnType,
   'require-types-at-top': requireTypesAtTop,
   'require-valid-file-annotation': requireValidFileAnnotation,
@@ -104,6 +106,7 @@ export default {
     'require-compound-type-alias': 0,
     'require-exact-type': 0,
     'require-parameter-type': 0,
+    'require-readonly-react-props': 0,
     'require-return-type': 0,
     'require-variable-type': 0,
     semi: 0,
diff --git a/src/rules/requireReadonlyReactProps.js b/src/rules/requireReadonlyReactProps.js
new file mode 100644
index 00000000..c40bdfd0
--- /dev/null
+++ b/src/rules/requireReadonlyReactProps.js
@@ -0,0 +1,124 @@
+const schema = [];
+
+const reComponentName = /^(Pure)?Component$/;
+
+const isReactComponent = (node) => {
+  if (!node.superClass) {
+    return false;
+  }
+
+  return (
+
+    // class Foo extends Component { }
+    // class Foo extends PureComponent { }
+    node.superClass.type === 'Identifier' && reComponentName.test(node.superClass.name) ||
+
+    // class Foo extends React.Component { }
+    // class Foo extends React.PureComponent { }
+    node.superClass.type === 'MemberExpression' &&
+    (node.superClass.object.name === 'React' && reComponentName.test(node.superClass.property.name))
+  );
+};
+
+const create = (context) => {
+  const readOnlyTypes = [];
+  const reportedFunctionalComponents = [];
+
+  const isReadOnlyClassProp = (node) => {
+    return node.superTypeParameters.params[0].id &&
+          node.superTypeParameters.params[0].id.name !== '$ReadOnly' &&
+          !readOnlyTypes.includes(node.superTypeParameters.params[0].id.name);
+  };
+
+  const isReadOnlyObjectType = (node) => {
+    return node.type === 'TypeAlias' &&
+          node.right &&
+          node.right.type === 'ObjectTypeAnnotation' &&
+          node.right.properties.length > 0 &&
+          node.right.properties.every((prop) => {
+            return prop.variance && prop.variance.kind === 'plus';
+          });
+  };
+
+  const isReadOnlyType = (node) => {
+    return node.type === 'TypeAlias' && node.right.id && node.right.id.name === '$ReadOnly' || isReadOnlyObjectType(node);
+  };
+
+  for (const node of context.getSourceCode().ast.body) {
+    // type Props = $ReadOnly<{}>
+    if (isReadOnlyType(node) ||
+
+        // export type Props = $ReadOnly<{}>
+        node.type === 'ExportNamedDeclaration' &&
+        node.declaration &&
+        isReadOnlyType(node.declaration)) {
+      readOnlyTypes.push(node.id ? node.id.name : node.declaration.id.name);
+    }
+  }
+
+  return {
+
+    // class components
+    ClassDeclaration (node) {
+      if (isReactComponent(node) && isReadOnlyClassProp(node)) {
+        context.report({
+          message: node.superTypeParameters.params[0].id.name + ' must be $ReadOnly',
+          node
+        });
+      } else if (node.superTypeParameters && node.superTypeParameters.params[0].type === 'ObjectTypeAnnotation') {
+        context.report({
+          message: node.id.name + ' class props must be $ReadOnly',
+          node
+        });
+      }
+    },
+
+    // functional components
+    JSXElement (node) {
+      let currentNode = node;
+      let identifier;
+      let typeAnnotation;
+
+      while (currentNode && currentNode.type !== 'FunctionDeclaration') {
+        currentNode = currentNode.parent;
+      }
+
+      // functional components can only have 1 param
+      if (!currentNode || currentNode.params.length !== 1) {
+        return;
+      }
+
+      if (currentNode.params[0].type === 'Identifier' &&
+          (typeAnnotation = currentNode.params[0].typeAnnotation)) {
+        if ((identifier = typeAnnotation.typeAnnotation.id) &&
+            !readOnlyTypes.includes(identifier.name) &&
+            identifier.name !== '$ReadOnly') {
+          if (reportedFunctionalComponents.includes(identifier)) {
+            return;
+          }
+
+          context.report({
+            message: identifier.name + ' must be $ReadOnly',
+            node
+          });
+
+          reportedFunctionalComponents.push(identifier);
+
+          return;
+        }
+
+        if (typeAnnotation.typeAnnotation.type === 'ObjectTypeAnnotation') {
+          context.report({
+            message: currentNode.id.name + ' component props must be $ReadOnly',
+            node
+          });
+        }
+      }
+    }
+  };
+};
+
+export default {
+  create,
+  schema
+};
diff --git a/tests/rules/assertions/requireReadonlyReactProps.js b/tests/rules/assertions/requireReadonlyReactProps.js
new file mode 100644
index 00000000..9cd62284
--- /dev/null
+++ b/tests/rules/assertions/requireReadonlyReactProps.js
@@ -0,0 +1,193 @@
+export default {
+  invalid: [
+
+    // class components
+    {
+      code: 'type Props = { }; class Foo extends React.Component<Props> { }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'type OtherProps = { foo: string }; class Foo extends React.Component<OtherProps> { }',
+      errors: [
+        {
+          message: 'OtherProps must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'class Foo extends React.Component<{}> { }',
+      errors: [
+        {
+          message: 'Foo class props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'type Props = { bar: {} }; class Foo extends React.Component<Props, State> { }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'type Props = { }; class Foo extends Component<Props> { }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'type Props = { }; class Foo extends PureComponent<Props> { }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'class Foo extends React.Component<UnknownProps> { }',
+      errors: [
+        {
+          message: 'UnknownProps must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'export type Props = {}; class Foo extends Component<Props> { }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'type Props = {| foo: string |}; class Foo extends Component<Props> { }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'type Props = {| +foo: string, ...bar |}; class Foo extends Component<Props> { }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'type Props = {| +foo: string, -bar: number |}; class Foo extends Component<Props> { }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+
+    // functional components
+    {
+      code: 'type Props = { }; function Foo(props: Props) { return <p /> }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'type Props = { }; function Foo(props: Props) { return foo ? <p /> : <span /> }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'function Foo(props: {}) { return <p /> }',
+      errors: [
+        {
+          message: 'Foo component props must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'function Foo(props: UnknownProps) { return <p /> }',
+      errors: [
+        {
+          message: 'UnknownProps must be $ReadOnly'
+        }
+      ]
+    },
+    {
+      code: 'export type Props = {}; function Foo(props: Props) { return <p /> }',
+      errors: [
+        {
+          message: 'Props must be $ReadOnly'
+        }
+      ]
+    }
+  ],
+  valid: [
+
+    // class components
+    {
+      code: 'class Foo extends React.Component<$ReadOnly<{}>> { }'
+    },
+    {
+      code: 'type Props = $ReadOnly<{}>; class Foo extends React.Component<Props> { }'
+    },
+    {
+      code: 'type Props = $ReadOnly<{}>; class Foo extends React.PureComponent<Props> { }'
+    },
+    {
+      code: 'class Foo extends React.Component<$ReadOnly<{}, State>> { }'
+    },
+    {
+      code: 'type Props = $ReadOnly<{}>; class Foo extends React.Component<Props, State> { }'
+    },
+    {
+      code: 'type Props = $ReadOnly<{}>; class Foo extends Component<Props> { }'
+    },
+    {
+      code: 'type Props = $ReadOnly<{}>; class Foo extends PureComponent<Props> { }'
+    },
+    {
+      code: 'type FooType = {}; class Foo extends Bar<FooType> { }'
+    },
+    {
+      code: 'class Foo { }'
+    },
+    {
+      code: 'export type Props = $ReadOnly<{}>; class Foo extends Component<Props, State> { }'
+    },
+    {
+      code: 'export type Props = $ReadOnly<{}>; export class Foo extends Component<Props> { }'
+    },
+    {
+      code: 'type Props = {| +foo: string |}; class Foo extends Component<Props> { }'
+    },
+    {
+      code: 'type Props = {| +foo: string, +bar: number |}; class Foo extends Component<Props> { }'
+    },
+
+    // functional components
+    {
+      code: 'type Props = {}; function Foo() { }'
+    },
+    {
+      code: 'type Props = $ReadOnly<{}>; function Foo(props: Props) { }'
+    },
+    {
+      code: 'type Props = {}; function Foo(props: OtherProps) { }'
+    },
+    {
+      code: 'function Foo() { return <p /> }'
+    }
+  ]
+};
diff --git a/tests/rules/index.js b/tests/rules/index.js
index 63b5defd..d9458f12 100644
--- a/tests/rules/index.js
+++ b/tests/rules/index.js
@@ -31,6 +31,7 @@ const reportingRules = [
   'require-compound-type-alias',
   'require-exact-type',
   'require-parameter-type',
+  'require-readonly-react-props',
   'require-return-type',
   'require-types-at-top',
   'require-valid-file-annotation',