Cross-posted from https://sh.itjust.works/post/21971374

The Biden administration on Monday proposed to “vastly expand” security review authority over real estate purchases near U.S. military installations conducted by CFIUS, a powerful committee that screens foreign investments for national security risks.

“This proposed rule would add over 50 military installations, across 30 states, to the existing list of installations around which CFIUS has jurisdiction, including over land purchases,” the Treasury Department said in a statement.