Moolenaar Statement on Treasury's Expansion of CFIUS to Include Camp Grayling and Other Military Installations

Congressman John Moolenaar released the following statement after the announcement by the Treasury Department that it was proposing new rules for the Committee on Foreign Investment in the United States (CFIUS) that would cover real estate transactions near Camp Grayling and other military installations.

"I welcome the Department of the Treasury’s addition of over fifty military installations to be covered under CFIUS regulations. Treasury’s first move under this expanded authority should be to deny the land purchase by CCP-backed firm Gotion, which is within 100 miles of the newly added Camp Grayling. This is also another sign that state and local leaders should withdraw their support for Gotion as well. While Treasury’s announcement is a good step, this new regulation still allows foreign adversaries to purchase American land without mandatory national security vetting, continuing to leave our military facilities susceptible to surveillance. Congress needs to close this gaping loophole to protect American national security,” said Moolenaar.

Moolenaar serves as the Chairman of the Select Committee on the Chinese Communist Party (CCP). Moolenaar has previously called on the Treasury Department to review Gotion's ownership. 

Last month, Moolenaar introduced legislation to close loopholes in the CFIUS process to stop the CCP from purchasing American land.