Reported about 1 year ago
According to a report by AFP on July 8, 2024, in response to increasing concerns over China's land purchases in the US, the US Department of the Treasury announced plans to enhance oversight on foreign individuals buying real estate near military facilities. The proposed regulations would list over 50 facilities for review, expanding the total locations to 227. The Committee on Foreign Investment in the United States (CFIUS) may examine real estate transactions near the listed locations, including land acquisitions, to safeguard national security and protect military facilities from external threats. The concerns revolve around the potential for foreign entities to collect intelligence or expose national security activities to foreign monitoring risks through land acquisitions.
Source: YAHOO