FDI screening expanded over new real estate locations

On 23 August 2023 the amendment to the Provisions Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States was published, which will enter into force on 22 September the same year. The regulations allow the Committee on Foreign Investment in the United States to review transactions involving the purchase or lease to a foreign person of certain real estate located within 99 miles from new eight military installations in California, Texas, South and North Dakota, Arizona and Iowa.

• Type:

  • Entry and establishment (Access to land, Approval and admission)

• Industry:

  • Not industry specific

• Sources:

  • US Federal Register, Provisions Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States, https://www.federalregister.gov/documents/2023/08/23/2023-17678/provisions-pertaining-to-certain-transactions-by-foreign-persons-involving-real-estate-in-the-united, 23 Aug 2023
  • JD Supra, Eight New Bases Officially Added to CFIUS’s Real Estate Jurisdiction, https://www.jdsupra.com/legalnews/eight-new-bases-officially-added-to-7147086/, 28 Aug 2023