Wednesday, July 10, 2024

US Aims to Up Scrutiny on Property Deals Near Military Sites

The United States plans to broaden oversight of foreigners' real estate transactions on properties close to military installations, the Treasury Department said Monday, as concerns involving Chinese land purchases grow.

Posted by LampLighter at 09:31 PM | 4 COMMENTS | permalink

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... "President (Joe) Biden and I remain committed to using our strong investment screening tool to defend America's national security, including actions that protect military installations from external threats," Treasury Secretary Janet Yellen said in a statement.

Under a proposed rule, more than 50 facilities will be added to a list of sites where surrounding property transactions may be reviewed by the Committee on Foreign Investment in the United States (CFIUS) -- taking the total figure to 227. ...



#1 | Posted by LampLighter at 2024-07-10 12:21 AM

It'd funny how cl0wns will blather on and on about how we need to kill them over there so they don't come here and yet we will sell the land and amenities to them for a price.

#2 | Posted by RightisTrite at 2024-07-11 03:28 AM

This would be wise.
Once again, I lie amazed that this was
never done before...

the military really needs to offer
a course or two in 'Critical Thinking'
and 'It's Just Common Sense'.

#3 | Posted by earthmuse at 2024-07-11 08:30 AM

Gee, glad to see CinC or someone in WH or Pentagon thinks about eventually being prepared. Most Eagle Scouts would have more foresight about being prepared. Of course we know this administration has zero common sense and more -------- than foresight, as they let China spy balloons roam at will.

#4 | Posted by Robson at 2024-07-11 11:27 AM

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