Mandatory Federal Review of Foreign Land Purchases Near US Military Bases.
This law strengthens national security by requiring mandatory federal review (CFIUS) of real estate purchases or leases near US military installations and airspace. The review targets entities connected to or subsidized by the governments of China, Russia, Iran, or North Korea, aiming to prevent foreign ownership from posing a security threat to strategic military areas.
Key points
Mandatory federal review (CFIUS) is established for any purchase or lease of land within 100 miles of a military installation or 50 miles of critical military airspace.
The review applies specifically to foreign persons controlled by or receiving subsidies from the governments of Russia, China, Iran, or North Korea.
If a reviewed land transaction involves an energy project and is deemed a national security threat by CFIUS, the project must be automatically blocked by the Secretary of Defense.
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