Annual Review of Sensitive Sites to Protect US Military Bases from Foreign Real Estate Deals.
This law enhances oversight of real estate transactions near critical government facilities, including military bases, National Laboratories, and intelligence sites. The goal is to protect national security by requiring the Committee on Foreign Investment (CFIUS) to regularly review and update the list of sensitive locations. This ensures strategic assets are better protected from potential foreign influence or espionage through property ownership.
Key points
Mandates an annual review and update of the list of sensitive government facilities, including military bases, used to screen foreign real estate transactions.
Allows the inclusion of intelligence community facilities and National Laboratories on the list of sites protected from foreign real estate investment.
Strengthens federal scrutiny over land purchases by foreign entities near strategic national security locations.
Expired
Additional Information
Print number: 118_S_3077
Sponsor: Sen. Scott, Tim [R-SC]
Process start date: 2023-10-18