US Treasury to Expand Security Reviews for Land Deals Near Military Bases

USA - WASHINTON - The U.S. Treasury on Monday announced a major expansion of its security review authority over foreign purchases of real estate near American military bases, adding a net total of 56 facilities across 30 states to its review list.

A U.S. Treasury official said the department's notice of proposed rule-making would expand the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS) to about 227 military installations.