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

The U.S. Committee on Foreign Investment in the United States would gain authority to review purchases by foreign buyers of land near 56 additional sites.

Secretary of the Treasury Janet Yellen delivers a keynote address during the second annual Committee on Foreign Investment in the United States (CFIUS) Conference at the Treasury Department in Washington on Sept. 14, 2023. Alex Wong/Getty Images

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 Committee on Foreign Investment in the United States (CFIUS) to review land sales near 56 additional military sites, bringing the total number to 227.