U.S. Treasury Expands Security Reviews for Foreign Land Purchases Near 56 Military Bases

Jul 8, 2024, 05:25 PM

The U.S. Treasury Department announced a significant expansion of its security review authority over foreign real estate purchases near American military bases. This expansion, which is part of a proposed new rule by the Committee on Foreign Investment in the United States (CFIUS), will add 56 military installations to the review list, including 40 within a one-mile radius. The move aims to counter suspected security threats from China and other countries.