Last progress April 9, 2025 (8 months ago)
Introduced on April 9, 2025 by Jodey Cook Arrington
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Energy and Commerce, Armed Services, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill aims to protect U.S. military sites by tightening rules on foreign purchases of nearby land. Any purchase, lease, or concession of property near a base or certain military airspace by a buyer tied to Russia, China, Iran, or North Korea must get a federal national security review by the committee that reviews foreign investments. “Near” means within 100 miles of a military installation, or within 50 miles of a military training route or special military airspace, including controlled firing areas and military operations areas.
While that review is underway, the Departments of Defense and Transportation cannot give final approval to certain projects on the land, such as energy projects. If the review finds the deal is a national security risk and sends it to the President, Defense must judge the project an unacceptable risk and tell Transportation to include that finding. The bill also requires notifying the state’s senators and the area’s House member about these specific transactions.