Alan Rappeport
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The Biden administration is seeking to broaden its powers significantly to block foreign investments by making it harder to buy land near military bases, a move that could make it harder for Chinese companies to build factories in the United States.
The Treasury Department proposed a new rule on Monday that would add more than 50 military installations across 30 states to a list of locations it has deemed sensitive to national security. If enacted, the rule would bolster a 2018 law that gave the Committee on Foreign Investment in the United States...
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