Originally published by Gatestone Institute Commentary The Biden administration just cleared a Chinese company to own 370 acres of land within 12 miles of Grand Forks Air Force Base in Grand Forks, North Dakota. As a result, China will be able to use a proposed $700 million corn milling plant on the site to spy on military…
Chinese Company Cleared to Own 370 Acres Near US Air Base
December 28, 2022
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China Buys up US Farmland by Exploiting Loopholes to Undermine US National Security: Security Expert
China is exploiting loopholes to buy up U.S. farmland with the aim of sabotaging the U.S. national security, warned Ross Kennedy, founder of U.S.-based logistics and supply chain advisory Fortis Analysis and senior fellow at Security Studies Group. Reports have emerged that Chinese companies in recent years have ramped up purchasing U.S. farmland for various…
Chinese Corn Mill Project in North Dakota Moves Forward After Federal Security Panel Says It Has No Jurisdiction
The Committee on Foreign Investment in the United States (CFIUS) has determined the land sale for the Chinese corn mill project in North Dakota as “not a ‘covered transaction’” under the Committee’s jurisdiction, according to a decision letter on Dec. 12. “Fufeng USA is pleased with the outcome of the CFIUS review and is looking…
Chinese Corn Mill Project’s Land Purchase in North Dakota Determined as ‘Not Covered’ by Federal Agency Review, Next Steps to be Set in 2023
The Committee on Foreign Investment in the United States (CFIUS) has determined the land sale for the Chinese corn mill project in North Dakota as “not a ‘covered transaction’” under the Committee’s jurisdiction, according to a decision letter on Dec. 12. “Fufeng USA is pleased with the outcome of the CFIUS review and is looking…
Chinese Billionaire Who Purchased Texas Land Failed to Report Foreign Land Ownership, Received Lowered Fine
A Chinese billionaire purchased about 140,000 acres of agricultural land in Val Verde County, Texas, since 2016, and planned to build Blue Hills Wind Farm on this property near the U.S.-Mexico border and the Laughlin Air Force Base, a training ground for military pilots. The proposed wind project would have allowed the Chinese owner access…
Yellen Contradicts Biden, Sees No Reason to Investigate Musk’s Twitter Deal
Democrats have been debating whether Twitter’s new ownership poses national security risks and warrants an investigation since billionaire Elon Musk’s acquisition of the social media platform late last month. However, Treasury Secretary Janet Yellen says that there is “no basis” for a probe into the Twitter deal. Yellen’s comments came after President Joe Biden indicated…
Chinese Corn Mill Project in North Dakota Faces Security Panel Review as Final Hurdle
WASHINGTON—A corn mill investment by a Chinese company in the city of Grand Forks, North Dakota, has put a small city of a population under 60,000 on the map for many across the nation. The two Senators representing the state have called out national security concerns associated with the venture, as the land is within…
Senators Unveil Bipartisan Bill To Protect Americans’ Personal Data From ‘Harmful Actors’ in China, Elsewhere
November 2, 2021
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A bipartisan pair of senators on Tuesday introduced legislation they say will protect Americans’ sensitive personal data from China and elsewhere. Sens. Marco Rubio (R-Fla.) and Raphael Warnock (D-Ga.) unveiled the Protecting Sensitive Personal Data Act of 2021 (pdf) which seeks to expand the oversight authority of the Committee on Foreign Investment in the United States…
Chinese Acquisition of Semiconductor Firm Poses Security Risks, US Treasury Warns
August 31, 2021
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The U.S. Treasury Department said the sale of Magnachip Semiconductor Corp. to a Chinese private equity firm poses “risks to national security,” as Chinese investments in critical technologies meet with enhanced U.S. scrutiny. Magnachip, a South Korean producer for display and power chips, sold its controlling stake in late March to Chinese private equity firm…
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