Sponsors (7)
The bill strengthens national security and protects critical military and transportation sites by restricting property purchases by adversary-controlled entities, but it does so at the cost of reduced local property market liquidity, potential misidentification of legitimate foreign investors, added transaction compliance burdens, and some diplomatic/trade risk.
Residents, taxpayers, and state governments near military bases, airfields, and ports: the bill blocks entities controlled by adversary countries from acquiring property near sensitive military and transportation facilities, reducing espionage/surveillance risks and helping secure supply chains and transport hubs.
Taxpayers and the public: increases congressional oversight and accountability by requiring CFIUS to promptly notify Congress of identified or attempted violations, improving transparency of foreign investment screening and enforcement.
Homeowners and property sellers within ~10 miles of sensitive sites: may see reduced property values and fewer sale opportunities because buyer eligibility is restricted.
Homeowners, taxpayers, and financial institutions: legitimate foreign investment could be curtailed if screening errors or overbroad application misidentify buyers as controlled by covered countries, reducing buyer pools and local investment.
Sellers, lessors, title companies, and financial institutions: commercial real estate transactions will become more complex and costly due to additional screening and verification burdens to determine buyer nationality or control.
Based on analysis of 2 sections of legislative text.
Bars China, Iran, North Korea, Russia and their controlled entities from buying, leasing, or obtaining concessions for property within 10 miles of designated sensitive U.S. sites and requires CFIUS to notify Congress of violations.
Prohibits certain foreign countries and their agents from buying, leasing, or receiving concessions for property within 10 miles of defined sensitive U.S. sites, including ports and military installations. Requires CFIUS to notify Congress promptly if it identifies or suspects violations and makes the prohibition effective on enactment. Defines covered foreign countries as China, Iran, North Korea, Russia, and entities controlled by or acting on their behalf. Expands the meaning of sensitive sites to include air and maritime ports, U.S. military and other government facilities the Committee deems sensitive, and any location that could reasonably enable foreign intelligence collection or surveillance of national security activities.
Official title: To amend the Defense Production Act of 1950 to prohibit certain foreign countries from purchasing or leasing property near sensitive sites, and for other purposes.
Introduced July 16, 2025 by Darrell Issa · Last progress July 16, 2025