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New Law Requires Federal Agencies to Disclose If They Are Leasing Foreign-Owned Property

China China-US News DEA Donald Trump FBI Federal Government Gary Peters Rob Portman US

New Law Requires Federal Agencies to Disclose If They Are Leasing Foreign-Owned Property

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A bipartisan bill aimed at addressing the security threats associated with federal agencies leasing foreign-owned properties has recently been signed into law. Under the new law, the federal government needs to develop a system that identifies property owners before their spaces could be used by federal tenants for high-security purposes. According to the language of the bill, all immediate, highest-level, and beneficial owners of the property must be identified. The General Services Administration (GSA), an independent agency of the U.S. government that manages workplaces for U.S. government offices, must implement the system before January 2023. Additionally, the new law requires that GSA and other federal agencies include certain provisions in their leasing agreements for high-security spaces. These provisions include banning property owners and their property management companies from having physical access to high-security leased spaces. The bill, named “Secure Federal Leases from Espionage And Suspicious Entanglements Act,” or the Secure …

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