US Treasury to expand security reviews for land deals near military bases
www.reuters.com
The U.S. Treasury on Monday announced a major expansion of its security review authority over foreign purchases of real estate near American military bases, adding a net total of 56 facilities across 30 states to its review list.

Cross-posted from https://sh.itjust.works/post/21971374

The Biden administration on Monday proposed to “vastly expand” security review authority over real estate purchases near U.S. military installations conducted by CFIUS, a powerful committee that screens foreign investments for national security risks.

“This proposed rule would add over 50 military installations, across 30 states, to the existing list of installations around which CFIUS has jurisdiction, including over land purchases,” the Treasury Department said in a statement.