The United States Treasury Department is enacting a new federal rule that aims to combat the rise in foreign entities strategically purchasing American land in close proximity to military bases.
According to Fox News, the new regulation will utilize a law passed in 2018 to expand the ability of the Treasury’s Committee on Foreign Investment in the United States (CFIUS) to analyze the consequences of foreign purchases of real estate, in order to possibly exert control over such transactions or asset transfers.
Closing the barn door a little late.
ReplyDeleteI suppose it's not relevant that all the land purchases should never happened in the first place, no reason to think objectively about this. s/
ReplyDeleteNeed protection from Bill Gates.
ReplyDeleteNothing like closing the barn door after the horse gets out...
ReplyDeleteNow all we gotta do is keep illegal alien goat bangers and Chinks from driving right onto them. Oh yea, and change Ft. Liberty back to Ft. Bragg.
ReplyDeleteWasn't there a recent Supreme Court ruling which states that agencies may not rule unless the Law very specifically already includes the prohibition being acted on?
ReplyDeleteWhile I agree with the intent of this attempt, are we to assume that Bureaucrats will continue to impose their edicts without regard to actual law?
Should we perhaps choose to ignore edicts, rules, regulations not in fact inposed by the created-by-Congress law?
Can we then claim the same protections against punishment that the bureaucrats use?
Spot on, legislate it.
DeleteJpaul
so the country in question starts a shell company. puts an american nominally in charge of it, and they continue buying land as normal. only now, you've made it that much harder to figure out who owns what.
ReplyDelete