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Mandatory Review of China's Greenfield Investments in US Real Estate.

This bill mandates government review by CFIUS for new investments (buying land for factories or facilities) made by entities connected to the Government of the People's Republic of China. The goal is to protect US national security and infrastructure from potential foreign control. Citizens benefit indirectly from increased scrutiny over strategic assets and land.
Key points
Requires mandatory filing and government review (CFIUS) for all new investments (greenfield) involving the purchase of US real estate and the establishment of facilities by Chinese-linked entities.
The review targets transactions that could result in control of US businesses by the PRC government or related entities, including members of the Chinese Communist Party.
The change aims to strengthen US national security by monitoring foreign investment in critical real estate and infrastructure.
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Additional Information
Print number: 118_S_2069
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2023-06-21