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Senators float bill preventing land purchase near military installations

Senators float bill preventing land purchase near military installations

A group of U.S. Senators have floated a bill that would expand CFIUS’s jurisdiction around military installations. Among other things, the bill would include real estate investments by foreign adversaries that are within 50 miles of certain military locations, like training routes. Details inside.

Three Senators float restrictive bill on U.S. land acquisition by Chinese

Three Senators float restrictive bill on U.S. land acquisition by Chinese

Three U.S. Senators have reintroduced legislation would prevent any Chinese individual or business with ties to the Chinese Communist Party from owning American land. The proposal echoes recent law in Florida, the enforcement of which was later prohibited by a U.S. Court of Appeals. Details inside.

Final rule published adding military installations to CFIUS jurisdiction

Final rule published adding military installations to CFIUS jurisdiction

As expected, Treasury has issued a final rule that expands CFIUS’s ability to review real estate transactions near more than 60 military sites. We covered the original proposal back in July; Treasury Secretary Yellen says the move will “significantly expand” CFIUS’s real estate capabilities.

Florida is the latest state to restrict foreign ownership of real estate

Florida is the latest state to restrict foreign ownership of real estate

As we’ve covered extensively, several U.S. states have taken action to regulate foreign investment within their borders. Florida is the latest to place restrictions on entities or individuals from certain “countries of concern,” including China, Russia, Iran and others. Details and other state actions inside.

CFIUS may have lacked jurisdiction in battery deal with China’s Gotion

CFIUS may have lacked jurisdiction in battery deal with China’s Gotion

According to media reports, China-based battery firm Gotion has been given the go-ahead by CFIUS to build a battery factory in the southern U.S. But don’t assume that CFIUS reviewed the deal and found no national security concerns: It may have been a “greenfield” deal. Details, insights inside.

CFIUS says it lacks jurisdiction in case involving Fufeng in N. Dakota

CFIUS says it lacks jurisdiction in case involving Fufeng in N. Dakota

Okay, it’s official. Despite the urging — and now criticism — of Congressional leaders, CFIUS has decided that Fufeng USA’s purchase of more than 300 acres of land in Grand Forks, North Dakota, is not a covered transaction. Details, reactions, and a (rare) copy of the CFIUS correspondence is inside.

Encouraging sign? CFIUS clears Chinese wind farm deal

Encouraging sign? CFIUS clears Chinese wind farm deal

CFIUS recently cleared a greenfield wind farm in Texas, which is to be built by a subsidiary of a Shanghai-listed energy company. The deal would have been subject to the real estate provisions of FIRRMA, as it’s located near Laughlin Air Force Base. Details, insights, source materials, and contact information is inside.

Are real estate transactions in CFIUS sights?

The U.S. Treasury Department may authorize CFIUS to review real estate transactions by foreign persons when properties are in close proximity to military installations or “sensitive” U.S. government property. Details inside.