US Expands Oversight on Foreign Land Deals Near Military Sites

New regulations will increase scrutiny on property transactions close to 227 sensitive installations to address national security concerns.

The Treasury Department's proposed rule adds over 50 military sites to the list of scrutinized areas.
CFIUS will review land deals within one mile of 40 additional sites and within 100 miles of 19 more installations.
The move follows concerns about Chinese-linked purchases, including a recent divestment order for a crypto firm near a missile base.
CFIUS's authority, expanded by a 2018 law, covers both purchases and leases of properties.
The public will have 30 days to comment on the proposed rule.