Us Congress Senate Bill SB197

Us Congress 2025-2026 Regular Session

• Introduced: 1/22/25
• Refer: 1/22/25

Caption

Protecting Military Installations and Ranges Act of 2025

Impact

The enactment of SB197 would amend the Defense Production Act of 1950 to broaden the scope of transactions that fall under CFIUS review. This includes properties within 100 miles of military installations and 50 miles of military training routes or special airspace managed by the Department of Defense. By establishing these thresholds, the bill aims to ensure that any foreign influence or ownership in proximity to military facilities can be effectively monitored and assessed for potential threats to national security.

Summary

SB197, titled the 'Protecting Military Installations and Ranges Act of 2025', seeks to enhance the review process of foreign investments in real estate close to military installations or military airspace in the United States. The bill mandates that the Committee on Foreign Investment in the United States (CFIUS) conduct a review for any property purchase or lease by foreign entities linked to specific countries that are considered security threats, including Russia, China, Iran, and North Korea. This move is seen as crucial for safeguarding national security interests by preventing potential risks from foreign ownership near critical military zones.

Contention

While proponents argue that this bill is necessary for preventing espionage and ensuring the safety of military operations, there may be concerns regarding how it could affect foreign investments in the U.S. Real Estate market. Critics could argue that such restrictions might deter beneficial foreign investments that could contribute to the local economy and development. Balancing national security concerns with maintaining open markets could be a significant point of contention in discussions surrounding the bill.

Congress_id

119-S-197

Policy_area

Foreign Trade and International Finance

Introduced_date

2025-01-22