US seeks to boost scrutiny on property deals near military facilities

Washington — The United States plans to broaden oversight of foreigners' real estate transactions on properties close to military installations, the Treasury Department said Monday, as concerns involving Chinese land purchases grow.  "President [Joe] Biden and I remain committed to using our strong investment screening tool to defend America's national security, including actions that protect military installations from external threats," Treasury Secretary Janet Yellen said in a statement.  Under a proposed rule...