HR 2728
Protecting Military Installations from Foreign Espionage Act
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Bill overview
This bill, the Protecting Military Installations from Foreign Espionage Act, requires the Committee on Foreign Investment in the United States (CFIUS) to review real estate purchases or leases near military installations or airspace by foreign entities connected to Russia, China, Iran, or North Korea. Specifically, the review will focus on properties within 100 miles of a military installation or 50 miles of certain military areas. The Department of Defense and Department of Transportation cannot finalize projects involving these transactions until CFIUS completes its review, and Congress will be notified of reviews impacting specific states and congressional districts. The bill also includes provisions to delay energy project approvals if CFIUS is reviewing related real estate transactions.
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