The U.S. Treasury finalizes a rule to review foreign real estate near military bases for security.

The U.S. Treasury Department has finalized a rule to enhance the review of foreign real estate purchases near military bases, responding to national security concerns, particularly regarding Chinese acquisitions. Effective in December, the rule expands oversight to nearly 60 additional facilities across 30 states, increasing the jurisdiction of the Committee on Foreign Investment in the U.S. (CFIUS) to approximately 227 installations. The aim is to prevent foreign adversaries from gathering intelligence.

November 01, 2024
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