NEW YORK -- The U.S. Treasury Department wants to expand the ability to review real estate purchases by foreign buyers near military bases, with a proposal Monday that would extend this authority to more such sites.
Chinese-owned property near missile base received divestment order in May
President Joe Biden arrives at the U.S. Military Academy in the state of New York in May. The U.S. wants to expand rules allowing reviews of land purchases near military bases. © Reuters
NEW YORK -- The U.S. Treasury Department wants to expand the ability to review real estate purchases by foreign buyers near military bases, with a proposal Monday that would extend this authority to more such sites.