Federal government is not powerless to stop Chinese real estate deals near sensitive US military bases

Source: thehill.com thehill.com

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Is the U.S. government unprepared to respond to a Chinese company purchasing land near a vital military base? The Air Force recently wrote Congress to explain that the interagency Committee on Foreign Investment in the United States (CFIUS) lacked jurisdiction over just such a deal. The Chinese company sought to build a corn processing plant 12 miles from North Dakota’s Grand Forks Air Force Base. According to the Air Force, the base “is the center of military activities related to both air and space operations,” and the “proposed project presents a significant threat to national security with both near- and...