Increased scrutiny of real estate investments by foreign countries of concern.
This Act expands the government's authority to review foreign investments in real estate and production facilities within the U.S. if they originate from countries deemed concerning. Transactions involving the purchase or lease of land for factory construction by entities controlled by these countries will now be subject to mandatory review. The goal is to protect national security and critical infrastructure, indirectly affecting economic stability and job security in the U.S.
Key points
Mandatory Review: Greenfield (new construction) and brownfield (redevelopment) investments in real estate and facilities by entities from 'foreign countries of concern' must be reviewed by the CFIUS government committee.
Expanded Definition: The definition of a 'covered transaction' is broadened to include the purchase or lease of U.S. real estate for establishing a business (e.g., a factory) if there is a risk of control by a concerning foreign government.
National Security Focus: The changes aim to prevent governments that may pose a threat to national security from gaining control over critical U.S. assets and businesses.
Introduced
Citizen Poll