The Department of the Treasury has issued a final rule amending regulations related to foreign investment in U.S. real estate, specifically impacting areas near military installations.
Barksdale Air Force Base in Bossier City, Louisiana, has been added to the list of military installations under the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS). This inclusion means that real estate transactions involving foreign persons near Barksdale Air Force Base will be subject to review by CFIUS to assess potential national security risks.
The rule aims to prevent foreign entities from acquiring real estate that could allow them to collect intelligence or conduct surveillance on sensitive U.S. military operations.
The final rule is part of a broader update that adds 59 military installations to the list, reflecting national security considerations by the Department of Defense. These changes will take effect on December 9, 2024, and are part of ongoing efforts to safeguard U.S. national security interests.
The new rule extends CFIUS jurisdiction to numerous military installations across the United States, affecting real estate transactions in these areas due to national security concerns. Installations such as Anniston Army Depot in Alabama, Blue Grass Army Depot in Kentucky, and Camp Blaz in Guam are now included, highlighting their strategic importance.
To view the original document on the Federal Register, click here.