U.S. Treasury Finalizes Rule for National-Security Reviews of Foreign Real-Estate Deals Near 60 Military Bases in 30 States

Nov 1, 2024, 05:55 PM

The U.S. Treasury Department has finalized a rule expanding the authority of the Committee on Foreign Investment in the United States (CFIUS) to review real estate transactions involving foreign entities near military bases. This new regulation targets significant land purchases by Chinese nationals near 60 military bases across 30 states. The rule aims to enhance national security by preventing potential threats from foreign adversaries. The announcement was made jointly by the Treasury and the Department of Defense, emphasizing the importance of safeguarding U.S. Armed Forces from foreign investment activities that could pose risks.