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.
You have far too much trust in the government. Our land belongs to the citizens, and if the government needs to jump in it should be to prevent predatory landlords, which it hasn’t done and therefore has shown it is unable to manage it effectively.