US Proposal Aims to Expand Review of Land Sales Near Military Bases

Published on July 8, 2024

The U.S. Treasury Department has issued proposed rulemaking to expand a security committee’s review of land purchases by foreign buyers near dozens of additional U.S. military sites. The proposed rule would increase the power of the U.S. Committee on Foreign Investment in the United States (CFIUS) to review land sales near 56 additional military sites, bringing the total number to 227. “President Biden and I remain committed to using our strong investment screening tool to defend America’s national security, including actions that protect military installations from external threats,” Treasury Secretary Janet Yellen, the CFIUS chair, said in a statement on July 8....

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