Rules proposed by the Biden-Harris administration in July intended to stop foreigners from purchasing land near U.S. military installations fail to cover a Chinese Communist Party-linked company building a facility 63 miles from a key National Guard base.
The new Treasury Department rules would empower federal authorities to apply scrutiny to foreign purchases of land within 100 miles of over 50 more military bases than previously allowed, including the National Guard’s Camp Grayling in Michigan, but would not apply to past foreign transactions near military facilities. As a result, a battery manufacturing plant being developed by Gotion, a firm with deep ties to the Chinese government, near Camp Grayling would escape expanded scrutiny under the proposed rules.
“Gotion may have scored a win of an exemption or special treatment by Treasury through its high-powered and…
