Extended CFIUS real-estate jurisdiction for general aviation facilities

(a) In general Section 721(a)(4)(B)(ii) of the Defense Production Act of 1950 (50 U.S.C. 4565(a)(4)(B)(ii)) is further amended— (1) in subclause (II)(bb)(CC), by striking and at the end; (2) in subclause (III), by striking the period at the end and inserting; and; and (3) by adding at the end the following: (IV) is general aviation airport certificated under part 139 of title 14, Code of Federal Regulations, or any real property— (aa) used or intended to be used as a fixed-base operator facility, hangar, flight school campus, or general aviation maintenance facility; and (bb) located within 50 nautical miles of a military installation (as such term is defined in section 802.227 of title 31, Code of Federal Regulations) or within 10 nautical miles of Class B or Class C airspace surrounding a major civil-military joint-use airport.. (b) Rebuttable presumption When evaluating any real estate transaction described in subsection (a) in which the acquirer is a foreign person from a country of concern, the Committee shall presume that such transaction poses a risk to national security but such presumption may be rebutted with a showing of clear and convincing evidence that the transaction will not provide the foreign person with— (1) a capability to conduct surveillance, signals collection, or intelligence gathering at or near a military installation or restricted airspace; (2) persistent physical access to aviation infrastructure supporting United States civil or military operations; or (3) a base of operations for flight training activities that would benefit the military aviation programs of a country of concern.