DOD to Report on Foreign Investment Near Installations; ADC to Discuss at April Summit

March 26, 2024

The fiscal year 2024 defense spending bill signed into law over the weekend ordered further examination of foreign investors’ potential land purchases near military sites. Based on language attached to the spending bill, DOD now has six months to send Congress a report reviewing:

… ownership or leasing by foreign persons or governments of land near Department of Defense installations in the United States, particularly involving countries of concern; an assessment of the threat that such ownership poses to United States national security; and a description of steps taken or planned to mitigate these threats and prevent them in the future.

The law directs DOD to coordinate on its report with other agencies through the Committee on Foreign Investment in the United States.

Get Caught Up

The topic was the focus of last summer’s ADC Connect. You can hear event highlights on America’s Defense Communities | The Podcast.

Hear More at the ADC Summit

The potential threat of foreign investment near installations will be discussed in-depth at the upcoming Defense Communities National Summit, taking place April 8-10 in the D.C. area.

One session will feature senior representatives from the departments of Defense, State and Treasury. It will be moderated by DOD Director of Intergovernmental Affairs Karim Farishta.

Time is running out to register for this opportunity to hear from policymakers, DOD and service leaders, community leaders from across the country, and industry partners.

Army National Guard photo by 1st Lt. Samantha Gabriel

March 26, 2024

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