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Will USDA reverse reclassification of land near Joint Base Andrews by end of 2024?
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Official statements or press releases from the U.S. Department of Agriculture
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U.S. Expands Reviews of Foreign-Owned Real Estate Near 60 Military Installations in 30 States Amid Chinese Investments
Nov 1, 2024, 05:33 PM
The U.S. is expanding its national-security reviews of real estate transactions involving foreign nationals near military bases, responding to concerns over Chinese investments in sensitive areas. A company with Chinese investors that owns land near Joint Base Andrews successfully petitioned the U.S. Department of Agriculture (USDA) to reclassify its land, which raised questions about its ownership status. The new rule allows the Committee on Foreign Investment in the United States (CFIUS) to review certain real estate deals near more than 60 military installations across 30 states, reflecting heightened scrutiny of foreign ownership in proximity to U.S. military sites.
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