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CFIUS – XtremeCuztoms

Tag: CFIUS

White House Proposes Tighter Controls Over Foreign Land Purchases Near Military Bases

The Biden administration is proposing tighter controls over foreign land purchases by adding eight additional military installations to the list for national security review. This addition expands the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS), a federal panel that reviews foreign acquisitions for national security risks. Once finalized, any non-excepted real…


Biden Administration Proposes Tighter Controls Over Foreign Purchases of Land Near Military Bases

The Biden administration is proposing tighter controls over foreign land purchases by adding eight additional military installations to the list for national security review. This addition expands the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS), a federal panel that reviews foreign acquisitions for national security risks. Once finalized, any non-excepted real…


Top Senators Push to Ban China From Owning US Land

Top U.S. senators introduced a bill Thursday to ban China from owning any U.S. land, including agricultural and other real estate properties. The bill further gives the U.S. president the authority to require a sale if existing property ownership is deemed a national security risk. The bill, dubbed “Not One More Inch or Acre Act,”…


3 Years’ Delay to Rein In TikTok

Commentary The drumbeat regarding national security risks posed by TikTok, the popular social media app owned by Chinese big-tech firm ByteDance, has reached a fever pitch. After recently blocking it from federal government devices, Congress might now seek an outright national ban of the app. Given the failure of a prior attempted ban due to…


Virginians, Not the CCP, Should Own ‘Rich and Vibrant’ Farmland: Gov. Youngkin

Virginia Republican Gov. Glenn Youngkin issued a video further asserting his stance that it’s unreasonable to let the state’s farmland fall into the hands of the Chinese Communist Party (CCP). Youngkin released a video on Jan. 31, after he blocked Virginia from being considered for the site of Ford Motor Company’s battery manufacturing plant due to national…


Virginians Should Own ‘Rich and Vibrant’ Farmland, Not the CCP, Says Youngkin

Virginia Republican Gov. Glenn Youngkin issued a video further asserting his stance that it’s unreasonable to let the state’s farmland fall into the hands of the Chinese Communist Party (CCP). Youngkin released a video on Jan. 31,  after he blocked Virginia from being considered for the site of Ford Motor Company’s battery manufacturing plant due to national…


Bipartisan Lawmakers Introduce Bill to Ban China from Buying US Farmland

Sens. Mike Rounds (R-S.D.) and John Tester (D-Mont.) on Feb. 1 introduced a bill to ban China, Russia, Iran, and North Korea from buying or leasing U.S. farmland and agricultural businesses. The proposed legislation, named the PASS (Promoting Agriculture Safeguards and Security) Act of 2023, would require the president to report to Congress on any waiver…


Chinese Corn Mill Project in North Dakota to Be Terminated

The U.S. Department of the Air Force has an “unambiguous” view on the Chinese corn mill project located in Grand Forks, North Dakota, and within 15 miles of the Grand Forks Air Force base, which houses sensitive drone, satellite, and surveillance technology. “While CFIUS [Committee on Foreign Investment in the United States] concluded that it…


Chinese Corn Mill Project in North Dakota to Be Terminated Over National Security Concerns

A controversial Chinese corn mill project in Grand Forks, North Dakota, located within 15 miles of the Grand Forks Air Force base, is set to be terminated after the U.S. Air Force warned the project poses a “significant threat to national security.” Grand Forks Mayor Brandon Bochenski announced on Jan. 31 that he plans to…


American Officials Sound Alarm on China’s Purchases of US Farmland

Sid Miller just won his third term as the Texas agricultural commissioner in November. One of his campaign priorities was to prevent communist China from buying agricultural land and gaining access to the state’s infrastructure. “This is the stupidest thing we can do as a nation,” Miller told The Epoch Times, referring to what he…