Under the proposed rule change, the US government would need to approve any attempt by foreign firms or citizens to purchase property within 100 miles of a military base in North Dakota and other bases in California, Texas, South Dakota, Iowa and Arizona.
Brody Katka / U.S. Air ForceForeign nationals or companies would have to get a greenlight from the U.S. government before buying land near eight U.S. military bases under a new rule proposed by the Biden administration on Friday.company planned to build a milling plant near an Air Force base in Grand Forks, North Dakota, until the Pentagon and lawmakers raised objections and local officials scrapped the project.
Under the proposed rule change from the Treasury Department’s Office of Investment Security, the U.S. government would need to approve any attempt by foreign firms or citizens to purchase property within 100 miles of the base in North Dakota and seven other bases in California, Texas, South Dakota, Iowa and Arizona.
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