US lawmakers to propose legislation seeking more scrutiny of Chinese real estate purchases

US lawmakers to propose legislation seeking more scrutiny of Chinese real estate purchases

The Straits Times - World·2024-03-13 21:02

WASHINGTON - Two U.S. lawmakers are set to introduce legislation on Thursday to significantly expand government foreign investment reviews of real estate purchases by buyers from China and other foreign countries posing national security concerns.

Representative Elissa Slotkin, a Democrat, and Republican Blake Moore are proposing to expand the authority of the Committee on Foreign Investment in the United States (CFIUS) over foreign real estate purchases.

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