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Treasury proposes CFIUS expansion to cover land near military bases

July 8, 2024 at 5:47 PM
The Treasury Department on Monday proposed expanding the jurisdiction of the Committee on Foreign Investment in the U.S. to cover real estate transactions near military installations. CFIUS reviews inbound foreign investment for national security risks, offers parties recommendations to mitigate those risks and can recommend to the president that a transaction be blocked if it does not believe the risks have been sufficiently addressed. The Foreign Investment Risk Review Modernization Act of 2018 expanded CFIUS’ scope to include transactions involving...

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