![The U.S. Department of the Treasury announced it plans to expand its authority for land deals for foreign buyers near military sites.](https://san.com/wp-content/uploads/2024/07/CLEAN-TheStoryName_Getty-Images_featuredImage_Tue-Jul-09-2024.jpg?w=1920)
Treasury to expand control over foreign land deals near US military bases
By Karah Rucker (Anchor), Evan Hummel (Producer), Jake Maslo (Video Editor)
On Monday, July 8, the United States Treasury Department announced a major expansion of its power to give approval of whether or not foreigners can buy land near U.S. military sites. Treasury Secretary Janet Yellen said the move is meant to “defend America’s national security.”
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U.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on Associated Press NewsU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on abc NewsU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on The Washington PostU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on The Virginian PilotU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on The Delaware County Daily TimesUS to expand scrutiny of property deals near military sites as China concerns grow
Click to see story on South China Morning PostUS Expands Security Reviews of Land Deals to Foreigners Near Military Bases
Click to see story on NewsweekTreasury expands security reviews for military land deals | Honolulu Star-Advertiser
Click to see story on Star AdvertiserUS seeks to boost scrutiny on property deals near military facilities
Click to see story on VOA NewsU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on WPLGU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on WKMGU.S. may ban real estate sales to foreigners near more military bases
Click to see story on Spectrum NewsU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on KOB 4U.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on TRISTATEHOMEPAGEU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on Daily Local NewsUS to expand control of land sales to foreigners near military sites
Click to see story on Military TimesRight
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Defending the CCP and the US expand scrutiny of land transactions near military bases | U.S. Foreign Investment Commission
Click to see story on 大纪元 www.epochtimes.comUnited States strengthens controls over real estate transactions near military facilities.
Click to see story on rpp.peU.S. Treasure to Expand Powers Over Real Estate Purchases Near Military Bases
Click to see story on Atlas NewsFor years, U.S. national security officials warned of Chinese and other foreign-backed companies spying on American infrastructure and defense installations.
The proposed plan will add 56 military facilities across 30 states to the Committee on Foreign Investment in the United States review list. Its total oversight will grow to 227 military bases.
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The Treasury Department’s announcement comes less than two months after the committee forced a Chinese-backed cryptocurrency company and its partners to sell land purchased within a mile from an U.S. Air Force Base in Wyoming. That base is home to part of the U.S. nuclear arsenal.
Among the other bases added to the review list are the Whiteman Air Force Base in Missouri, which is home to the only squadron of nuclear-capable B-2 Stealth Bombers, and Camp Grayling in Michigan, a U.S. National Guard base.
The designation could impact a more than $2.6 billion plan by a Chinese company to build electric vehicle battery parts within a mile of the installation. That project is estimated to create more than 2,000 jobs in Michigan.
The United States already issued major tariffs on electric vehicles, semiconductors, solar equipment and medical supplies from China over fears that China could use them for espionage.
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The proposed rule would be the largest expansions of committee’s real estate jurisdiction since its inception in 2018. A public comment period is now underway and will last 30 days before officials make a final decision on the proposal.
[KARAH RUCKER]
U-S NATIONAL SECURITY OFFICIALS HAVE FOR YEARS WARNED OF CHINESE- AND OTHER FOREIGN-BACKED COMPANIES SPYING ON AMERICAN INFRASTRUCTURE AND DEFENSE INSTALLATIONS.
THIS WEEK, THE GOVERNMENT ANNOUNCED IT’S EXPANDING ITS POWER TO GIVE A THUMBS UP OR DOWN ON WHO CAN BUY LAND NEAR U-S MILITARY SITES.
THE TREASURY SAYING MONDAY THE MOVE IS MEANT TO “DEFEND AMERICA’S NATIONAL SECURITY.”
THE PLAN WILL ADD 56 MILITARY FACILITIES ACROSS 30 STATES TO THE COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATE’S REVIEW LIST, BRINGING ITS TOTAL OVERSIGHT TO 227 MILITARY BASES
THE ANNOUNCEMENT COMES LESS THAN TWO MONTHS AFTER THE COMMITTEE FORCED A CHINESE-BACKED CRYPTOCURRENCY COMPANY AND ITS PARTNERS TO SELL LAND PURCHASED JUST A MILE FROM AN AIR FORCE BASE IN WYOMING, WHICH IS HOME TO PART OF THE US’ NUCLEAR ARSENAL.
AMONG THE BASES ADDED TO REVIEW ARE WHITEMAN AIR FORCE BASE IN MISSOURI– WHICH IS HOME TO THE ONLY SQUADRON OF NUCLEAR-CAPABLE B-2 STEALTH BOMBERS AND CAMP GRAYLING IN MICHIGAN– A NATIONAL GUARD BASE.
THE DESIGNATION COULD IMPACT A MORE THAN TWO-POINT-SIX BILLION DOLLAR PLAN BY A CHINESE COMPANY TO BUILD ELECTRIC VEHICLE BATTERY PARTS WITHIN A MILE OF THE INSTALLATION.
THE U-S ALREADY ISSUED MAJOR NEW TARIFFS ON ELECTRIC VEHICLES, SEMICONDUCTORS, SOLAR EQUIPMENT AND MEDICAL SUPPLIES FROM CHINA– OVER FEARS THEY COULD BE USED FOR ESPIONAGE.
FOR MORE STORIES ON NATIONAL SECURITY– DOWNLOAD THE STRAIGHT ARROW NEWS APP OR VISIT OUR WEBSITE AT SAN-DOT-COM.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
U.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on Associated Press NewsU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on abc NewsU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on The Washington PostU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on The Virginian PilotU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on The Delaware County Daily TimesUS to expand scrutiny of property deals near military sites as China concerns grow
Click to see story on South China Morning PostUS Expands Security Reviews of Land Deals to Foreigners Near Military Bases
Click to see story on NewsweekTreasury expands security reviews for military land deals | Honolulu Star-Advertiser
Click to see story on Star AdvertiserUS seeks to boost scrutiny on property deals near military facilities
Click to see story on VOA NewsU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on WPLGU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on WKMGU.S. may ban real estate sales to foreigners near more military bases
Click to see story on Spectrum NewsU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on KOB 4U.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on TRISTATEHOMEPAGEU.S. to expand control of land sales to foreigners near 56 additional military sites
Click to see story on Daily Local NewsUS to expand control of land sales to foreigners near military sites
Click to see story on Military TimesRight
Untracked Bias
Defending the CCP and the US expand scrutiny of land transactions near military bases | U.S. Foreign Investment Commission
Click to see story on 大纪元 www.epochtimes.comUnited States strengthens controls over real estate transactions near military facilities.
Click to see story on rpp.peU.S. Treasure to Expand Powers Over Real Estate Purchases Near Military Bases
Click to see story on Atlas NewsUnbiased news.
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