• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Tim Scott rolls out bill to protect sensitive military and intel sites, strengthen review process
Economy

Tim Scott rolls out bill to protect sensitive military and intel sites, strengthen review process

by October 24, 2023
by October 24, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

EXCLUSIVE: Sen. Tim Scott, R-S.C., is introducing a measure that would ‘protect our bases’ by requiring government agencies to ensure that updated information on sensitive military and intelligence sites is provided to the Committee on Foreign Investment in the United States (CFIUS) so that the panel can properly assess the national security risk of certain foreign land purchases.

Scott, the top Republican on the Senate Committee on Banking, Housing, and Urban Affairs, is rolling out the ‘Protect our Bases Act,’ which will ensure foreign land purchases near critical military and government sites are properly scrutinized by requiring government agencies to annually update and review their lists of sensitive sites with CFIUS.

CFIUS, which is composed of several national security agencies, is charged with reviewing certain acquisitions and real estate transactions made by foreign individuals or entities.

The bill comes after federal government officials warned of possible national security risks after Chinese-owned Fufeng Group purchased land in North Dakota. The company attempted to build a corn mill on that property, but local officials eventually rejected that proposal.

The Chinese company paid $2.3 million to purchase 300 acres of land just 12 miles from Grand Forks Air Force Base, home to top-secret U.S. drone technology.

At the time, CFIUS determined it could not evaluate the transaction for national security risks because the Department of Defense (DOD) had not listed the base as a sensitive site for national security purposes.

Scott said that while Grand Forks ultimately blocked the transaction, the incident demonstrated a significant flaw in the review process of foreign land purchases.

‘The Chinese Communist Party can’t be allowed to compromise the security of military and government facilities on our home turf,’ Scott told Fox News Digital. ‘By enhancing the review of foreign real estate transactions near sites that are vital to U.S. national security, this legislation will increase accountability to help ensure that the Committee on Foreign Investment in the United States can take proper action to push back on Communist China and keep our nation safe.’

Scott’s office told Fox News Digital that if CFIUS member agencies do not provide updated information on sensitive military, intelligence and national laboratory sites, then CFIUS cannot properly assess the security risk of foreign investment in the U.S. 

The bill is co-sponsored by Republican Sens. Mike Crapo of Idaho, Steve Daines of Montana, Mike Rounds of South Dakota, Bill Hagerty of Tennessee and Katie Britt of Alabama.

Meanwhile, following the Grand Forks transaction, the Biden administration tightened security around additional military installations across the country by requiring a strict review of foreign entities seeking to buy property around those facilities.

An official at the time told Fox News Digital that the Department of Defense decided which bases to add based on an evaluation of current national security concerns. DOD is expected to continue to assess its military installations and the geographic scope around them to ensure appropriate application in light of those national security considerations.

CFIUS and the Treasury Department declined to comment on Scott’s legislation.

Brooke Singman is a Fox News Digital politics reporter. You can reach her at Brooke.Singman@Fox.com or @BrookeSingman on Twitter.

This post appeared first on FOX NEWS
You Might Also Like
  • Alex Soros huddled with top Democrats shortly after taking over his father’s nonprofit empire
  • ‘You don’t need an AR-15’: A look at some of Biden’s most inaccurate remarks about firearms and 2A supporters
  • Oil and natural gas: Oil finds new support on Friday
  • GOP Rep. Tenney calls to invoke 25th Amendment to remove Biden from office after ‘alarming’ Hur report
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Ramaswamy considering ‘reevaluating’ US United Nations membership, scaling back NATO involvement: report
next post
The speaker’s race may get worse before it gets better

You may also like

WATCH: Ramaswamy’s top moments on DEI, immigration, tax reform, Jan....

December 14, 2023

‘What is this, a test?’ Members of Congress reveal whether...

June 1, 2023

Sen. Cotton probes DOD how US airman who lit himself...

February 29, 2024

Donald Trump from the campaign trail: The former president’s road...

January 15, 2024

530K Alabama children eligible for summer food benefits

March 15, 2023

‘Nothing would remain’: Iran’s president vows to completely destroy Israel...

April 17, 2024

Biden’s handling of classified documents is concerning, should be handled...

January 17, 2023

Tesla Stock Earnings: 3% Drop Amid Delivery Issues

October 4, 2024

White House unveils first-ever national strategy to combat antisemitism, ‘the...

May 26, 2023

House GOP vows on ‘following through’ with vote on major...

March 26, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Congressional leaders strike deal to punt...

    January 14, 2024

    Hunter Biden laid out ‘price of...

    August 3, 2023

    RFK Jr’s running mate says Democrats...

    August 22, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here