Sponsors (3)
The bill strengthens national-security oversight of foreign-linked real estate and land transactions near military sites and integrates DoD/CFIUS input into infrastructure approvals, at the cost of added delays, uncertainty for property and project developers, potential project blockages, and greater administrative and politicization risks.
Military personnel, nearby communities, and operators of critical infrastructure: foreign purchases/leases of real estate near bases or airspace and foreign-involved land transactions that could affect energy or transport projects will be subject to CFIUS review and coordinated DoD/CFIUS/DOT scrutiny, reducing the risk of adversary access or interference with military sites and sensitive airspace.
Members of Congress, state and local officials, and relevant agencies: earlier and clearer notification requirements (Senators/the district Representative for nearby military-site transactions; DoD notifying DOT of delays) improve transparency and interagency awareness of transactions that could raise security concerns.
Federal security oversight: CFIUS receives clearer statutory authority to review transactions involving foreign persons tied to specified foreign actors, closing oversight gaps and strengthening the legal basis for reviews.
Homeowners, real estate owners, tenants, and some foreign investors: expanded and even retroactive CFIUS coverage of property transactions near military sites creates greater legal and financial uncertainty and could threaten existing property interests.
Utilities, energy developers, landowners, and local workers: linking project approvals to CFIUS/DoD reviews can delay energy and infrastructure projects, raising construction costs, slowing job creation, and postponing local economic benefits.
Infrastructure users and local economies: DoD or CFIUS-driven referrals could result in some projects being declared unacceptable and blocked, reducing available infrastructure capacity or slowing needed upgrades.
Based on analysis of 3 sections of legislative text.
Expands CFIUS review to foreign purchases/leases/concessions of land near military sites, requires member notice, and pauses DOT/DoD energy approvals while CFIUS reviews.
Expands CFIUS authority to treat purchases, leases, or concessions of U.S. real property near military installations or military airspace by foreign persons as covered transactions, requires CFIUS to initiate reviews of those transactions, and broadens Congressional notifications to include the U.S. Senators and Representative where the affected military site or airspace is located. It also pauses and coordinates federal reviews of certain energy infrastructure projects on property under CFIUS review so the Department of Defense and the Department of Transportation cannot complete or issue approvals while CFIUS is acting, and it sets procedures for DoD findings if CFIUS refers a transaction to the President.
Introduced April 9, 2025 by Jodey Cook Arrington · Last progress April 9, 2025