New Law Requires Federal Agencies to Disclose If They Are Leasing Foreign-Owned Property

New Law Requires Federal Agencies to Disclose If They Are Leasing Foreign-Owned Property
Senator Rob Portman (R-Ohio) speaks during a press conference on Capitol Hill, Washington, on Oct. 26, 2020. Graeme Jennings/POOL/AFP via Getty Images
Frank Fang
Updated:

A bipartisan bill aimed at addressing the security threats associated with federal agencies leasing foreign-owned properties has recently been signed into law.

Under the new law, the federal government needs to develop a system that identifies property owners before their spaces could be used by federal tenants for high-security purposes. According to the language of the bill, all immediate, highest-level, and beneficial owners of the property must be identified.
Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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