Sponsors (7)
The bill strengthens national security and protection of critical infrastructure by restricting property acquisitions near sensitive sites and improving CFIUS oversight, at the cost of reduced buyer pools near those sites, higher compliance burdens, possible chilling of legitimate foreign investment, and a risk of diplomatic friction.
Residents, taxpayers, and state/local governments: blocks purchases or control of properties near military bases, air and maritime ports, and other sensitive infrastructure by adversary-controlled or covered foreign entities, reducing risks of espionage, surveillance, and attacks on critical infrastructure and supply chains.
Taxpayers and the public: requires CFIUS to promptly notify Congress of identified or attempted violations, increasing transparency, oversight, and accountability of foreign investment screening and enforcement.
Homeowners and property sellers within about 10 miles of military bases, ports, or other covered sites: may face fewer potential buyers and downward pressure on property values because certain foreign buyers will be ineligible.
Taxpayers, homeowners, and U.S. businesses: legitimate foreign investment could be chilled or wrongly blocked if screening or identification errors label buyers as controlled by covered countries, reducing capital inflows and transaction opportunities.
Sellers, lessors, title companies, and financial institutions: commercial transactions may become more complex and costly due to added verification and compliance requirements to determine buyer nationality or control.
Based on analysis of 2 sections of legislative text.
Prohibits China-, Iran-, North Korea-, and Russia-related parties from buying, leasing, or getting concessions for property within 10 miles of defined U.S. sensitive sites and requires CFIUS to notify Congress of violations.
Introduced July 16, 2025 by Darrell Issa · Last progress July 16, 2025
Prohibits nationals, entities, and actors tied to China, Iran, North Korea, Russia, or acting on their behalf from buying, leasing, or receiving concessions for property located within 10 miles of U.S. "sensitive sites." Requires the Committee on Foreign Investment in the United States (CFIUS) to promptly notify Congress if it identifies or becomes aware of attempted or completed transactions that violate this prohibition. The restriction applies to transactions occurring on or after the law's enactment and defines "sensitive sites" to include air and maritime ports (and related property), U.S. military installations, other U.S. government facilities the Committee deems sensitive, and any location the Committee determines could reasonably enable foreign intelligence collection or expose national security activities to surveillance. The law adds this prohibition as a new subsection to the Defense Production Act authorities that CFIUS uses to review foreign investment matters. It does not appropriate funds or create a new federal program; it gives the Committee discretion to identify sensitive sites and to notify Congress about violations or attempted violations.