Feds Propose Adding More Installations to List for Review of Nearby Land Deals

July 11, 2024

The Committee on Foreign Investment in the United States (CFIUS) would review potential land purchases by foreigners near more than 50 additional military sites across 30 states, under a proposed Treasury Department rule published this week, as AP and The Hill reported. That would bring the number to 227 military sites.

“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 said in a press release.

Treasury chairs the interagency committee, which also includes representatives from the departments of Defense, State, Homeland Security and others.

The New Sites

The text of the proposed rule names the installations that would be added to the list, including several Army depots and ammunition plants, as well as such bases as Marine Corps Logistics Base Albany, Georgia, Naval Air Station Corpus Christi, Texas, Joint Base Charleston, South Carolina and Scott Air Force Base, Illinois.

At some bases, CFIUS would review real estate transactions in a one-mile radius around the installation; at others, it would cover a 100-mile radius.

Public Comment

Members of the public have 30 days to comment on the proposed rule via regulations.gov.

Army photo from 2019 by Bethani Crouch

July 11, 2024

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