WebJan 26, 2024 · Calls to block the Grand Forks land acquisition were based primarily on CFIUS expanded jurisdiction under the Foreign Investment Risk Review Modernization Act (FIRRMA) 2 to review certain U.S. real estate transactions, including the purchase of undeveloped land (or greenfield investments in land). 3 FIRRMA authorized the review of … WebPublic reports suggest that CFIUS has expressed interest in this transaction and that the City of Grand Forks has requested the company make a voluntary filing with CFIUS. We believe that a full CFIUS review would clarify whether the purchase of this land, by Fufeng Group, carries national security implications.
Rubio, Cramer, Hoeven Call for National Security Review of Fufeng ...
WebAug 29, 2024 · While these transactions have raised concerns for years, the recent April 2024 acquisition by the Fufeng Group of Shandong, China, of approximately 370 acres of land in Grand Forks, North Dakota, has reignited concerns, with federal and state politicians calling for CFIUS to review the transaction. WebDec 19, 2024 · City of Grand Forks, Grand Forks Air Force Base looking forward to future engagements after CFIUS decision In October, the base issued a statement announcing it would be refraining from... shop sign asl
Path opens for Fufeng project after federal agencies …
WebJul 5, 2024 · CFIUS has played an outsized, background role in ongoing negotiations to bring a new corn-milling plant from Fufeng Group to Grand Forks that trace back to last year. Fufeng Group is based in... WebJul 29, 2024 · Senator Cramer says the action only supports those initiated by the City of Grand Forks. “The 1st entity to request a CFIUS review of this is the City of Grand Forks. The leadership in Grand Forks requested the Committee on Foreign Investment in the U.S. take a look at the investment. Even though ag investments are largely exempt from CFIUS.” WebMay 7, 2024 · GRAND FORKS — If there’s one sticking point for skeptics of Fufeng Group’s plans in Grand Forks — one big concern that stands above the rest — it’s the company’s ties to China. There are... shop sign board