Official announcement or publication by the U.S. Treasury Department

U.S. Treasury Expands Security Review of Foreign Real Estate Purchases Near Military Bases, Adding 56 Facilities

Jul 8, 2024, 05:07 PM

The U.S. Treasury Department announced on Monday a major expansion of its security review authority over foreign real estate purchases near American military bases. This move aims to address potential security threats from countries such as China. The expansion will add 56 facilities to the review list, including a proposed rule to add 40 military installations to the Committee on Foreign Investment in the United States (CFIUS) review list for transactions within a one-mile radius.