Squire Patton Boggs Submits Comments on Proposed U.S. Outbound Investment Restrictions and Notification Requirements Mandated by Executive Order

North Dakota Law Another Example of State Regulation Over Foreign Acquisitions of Land

By Trade Practitioner on June 29, 2023 Posted in Foreign Investment Reviews

On April 29, 2023, North Dakota Governor Doug Burgum signed Senate Bill No. 2371 into law, which prohibits local development and ownership of real property by “foreign adversaries,” effective August 1, 2023. The law sunsets on July 31, 2025 and will be ineffective after that date unless renewed. This state law is one of the … Continue Reading

CFIUS Expands Reach of its Covered Real Estate Authority with the Addition of Eight New “Military Installations”

By Trade Practitioner on May 11, 2023 Posted in Foreign Investment Reviews

On May 5, 2023, the U.S. Department of Treasury, the agency tasked with administering the Committee on Foreign Investment in the United States (CFIUS), published a Proposed Rule (88 Fed. Reg. 29003) expanding the list of “military installations” that could trigger CFIUS authority over certain real estate transactions in 31 C.F.R. Part 802 (“Part 802”). … Continue Reading