U.S. Treasury plans to expand CFIUS jurisdiction for land sales near 56 military bases to protect national security.

The U.S. Treasury Department plans to expand the jurisdiction of CFIUS (Committee on Foreign Investment in the United States) to review land sales near 56 additional military bases involving foreign buyers to protect national security interests. This move would extend CFIUS's powers to assess land sales near 56 additional military sites, aiming to protect national security interests. The proposed rules will allow the U.S. government to scrutinize and potentially block transactions that could pose risks to its military installations.

July 08, 2024
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