T
he US Treasury Department has expanded the Committee on Foreign Investment in the United States (CFIUS) jurisdiction to cover nearly 70 military installations across the country. This move, made in coordination with the US Department of Defense, allows CFIUS to review certain real estate transactions by foreign persons near these bases and other sensitive areas.

    The updated rule builds on existing legislation passed by Congress in 2018, which granted CFIUS authority to review some real estate transactions near specified military installations. The expansion aims to maintain national security while increasing the ability of CFIUS to thoroughly examine real estate deals near bases.

    According to Secretary of the Treasury Janet L. Yellen, this final rule will enhance America's national security by deterring and stopping foreign adversaries from threatening US Armed Forces through intelligence gathering. Congress established CFIUS as part of the Foreign Investment Risk Review Modernization Act of 2018, which allows the committee to review real estate purchases or leases near sensitive military installations.

    Assistant Secretary for Investment Security Paul Rosen described the final rule as a significant milestone in safeguarding critical US military and defense installations. The expansion highlights CFIUS's efforts to adapt to evolving national security threats posed by foreign investment.