What is the official ID of this bill?
The official print number for this legislation is S 197.
Protecting Military Bases: New Rules for Foreign Real Estate Purchases.
New regulations aim to enhance national security by mandating reviews of real estate purchases or leases near military installations by entities connected to Russia, China, Iran, or North Korea. This means such transactions will undergo strict scrutiny to prevent threats to national security. It impacts the real estate market near military bases by introducing additional requirements for certain foreign investors.
Key points
Mandatory review of real estate purchases or leases within 100 miles of military installations or 50 miles of military airspace by foreign persons connected to Russia, China, Iran, or North Korea.
Halting approval of energy projects on properties under such review until the Committee on Foreign Investment in the United States (CFIUS) concludes its action.
If a national security threat is identified, the energy project will be deemed an unacceptable risk.
Status:
Introduced
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