Have you ever wondered what happens when foreign companies buy property near U.S. military bases? Well, the U.S. government has just made a big move to make sure that these deals don’t put national security at risk. This new rule could change how foreign investors operate near some of the country's most important military sites.
What’s Changing?
The U.S. Department of Treasury has made new changes to a law that keeps a close eye on foreign investments in the U.S. The government already monitors a few military bases, but now they’ve added almost 60 more bases to the list. This means the government will be watching real estate deals that happen near these bases much more closely.
The MineOne Chinese bitcoin operation ordered by President Joe Biden in early May to shut down and sell off is staging to clear out with large trucks and storage pods at the site, which is about a mile from F.E. Warren Air Force Base. (Greg Johnson, Cowboy State Daily)
Why does this matter? Well...
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