The Treasury Department has announced plans to enhance oversight of foreign real estate investments near military bases by granting more authority to a federal committee. This move aims to safeguard national security interests and prevent potential risks associated with foreign entities acquiring properties in sensitive locations.

Key points:

– Treasury Department is taking steps to increase scrutiny of foreign real estate purchases near military installations
– Federal committee will be empowered to review and approve or deny foreign investments in strategic locations
– Goal of the initiative is to protect national security interests and mitigate risks posed by foreign ownership of properties near military bases
– Increased oversight is part of broader efforts to strengthen safeguards against potential threats from foreign actors seeking to exploit vulnerabilities in critical infrastructure.

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