US to Expand Scrutiny of Foreign Investments Near Military Bases
- Investments near US military sites raise security concerns
- Proposal increases covered military installations to 227
Missiles displayed near Gate 1 at the Francis E Warren Air Force Base in Cheyenne, Wyoming.
Photographer: Ron Buskirk/UCG/Getty ImagesThe US Treasury Department will expand its scrutiny of foreign investments near military bases to counter suspected security threats from China and other countries.
The proposed rule “will significantly expand” the jurisdiction of a special government panel that reviews foreign purchases of US companies and real estate, Treasury Secretary Janet Yellen said in a statement on Monday.