Treasury Expands CFIUS Jurisdiction on Real Estate Transactions Near Military Sites
"This final rule will significantly increase the ability of CFIUS to thoroughly review real estate transactions near bases and will allow us to deter and stop foreign adversaries from threatening our Armed Forces, including through intelligence gathering."
Janet L. Yellen, Secretary of the Treasury
"This final rule will significantly increase the ability of CFIUS to thoroughly review real estate transactions near bases and will allow us to deter and stop foreign adversaries from threatening our Armed Forces, including through intelligence gathering."
Janet L. Yellen, Secretary of the Treasury
The Treasury Department adopted a rule to expand the jurisdiction of the Committee on Foreign Investment in the United States ("CFIUS") to include transactions conducted by foreign persons involved in real estate transactions near military installations in the United States.
The Final Rule:
- expands CFIUS jurisdiction over real estate transactions to include those within a one-mile radius around an additional 40 military installations;
- expands CFIUS jurisdiction over real estate transactions to include those within a 100-mile radius around an additional 19 military installations;
- expands CFIUS jurisdiction over real estate transactions to include those between one-mile and 100 miles around eight military installations already listed in the regulations; and
- updates the names of 14 installations already listed in the regulations; and
- updates the locations of seven installations already listed in the regulations.
The Final Rule will become effective 30 days following publication in the Federal Register.