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> The U.S. Department of Treasury is amending its definitions of a military installation, adding to the list of military installations covered by the Committee
by nerdponx 2y ago
> The U.S. Department of Treasury is amending its definitions of a military installation, adding to the list of military installations covered by the Committee on Foreign Investment int he United States (CFIUS)
> The new list adds almost 60 military installations across 30 states to the existing list of 10 military installations that CFIUS has jurisdiction over. That enables the federal agency to have more scrutiny over real estate deals that happen in proximity to the bases.
The Wikipedia page for CFIUS clarifies that it was originally created by an executive order as per the Defense Production Act, but its authority has since been expanded by legislation.
- PittleyDunkin 2y agoI don't think this explains much about peoples' blithe acceptance, just the formal and legal mechanism on which it rests. Any action you can conceive of can be formally declared with the declaration of law; this does not imply people have, should, or will accept it.
- nerdponx 2y agoThat's actually fair. I'm not anything close to a constitutional expert, but I I'm willing to assume that there is either court precedent backing this up, or there has never been a meaningful challenge to it and so it stand as law until otherwise struck down. I'd love to know from somebody more educated on this topic than I am.