The US will subject real estate transactions near eight domestic military bases to increased scrutiny following a controversy over a Chinese company’s effort to purchase a wet-corn milling plant near an Air Force base in North Dakota.
The Treasury Department is proposing that the Committee on Foreign Investment in the US add the bases to its list of “sensitive facilities” over which it has jurisdiction, according to a person familiar with the matter. The panel reviews whether foreign transactions pose risks to US national security.
The installations, which are primarily Air Force bases, are located in California, Texas, South Dakota, ...
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