Section 721 also authorizes the President to suspend or prohibit any covered real estate transaction when, in the President's judgment, there is credible evidence that leads the President to believe that the foreign person engaging in a covered real estate transaction might take action that threatens to impair the national security of the United States, and when provisions of law other than section 721 and the International Emergency Economic Powers Act ( 50 U.S.C. 4565) authorizes the Committee on Foreign Investment in the United States to review transactions involving real estate that meet specified criteria, which are referred to in this part as “covered real estate transactions” and defined at § 802.212, and to mitigate any risk to the national security of the United States that arises as a result of such transactions. (a ) Section 721 of title VII of the Defense Production Act of 1950, as amended ( 50 U.S.C. List of Military Installations and Other U.S. Obligation of parties to provide information.įoreign National Security Investment Review Regimes Tolling of deadlines during lapse in appropriations. Rejection, disposition, or withdrawal of declarations.ĭeferral, rejection, or disposition of certain voluntary notices.ĭetermination of whether to undertake an investigation.ĭetermination not to undertake an investigation.Ĭompletion or termination of investigation and report to the President. Timing rule for a contingent equity interest.

Transactions that are not covered real estate transactions.

Transactions that are covered real estate transactions. Rules of construction and interpretation.Ĭommittee Chairperson of the Committee Staff Chairperson. Regulations Pertaining to Certain Transactions by Foreign Persons Involving Real Estate in the United States

Township definition real estate