1. Short title This Act may be cited as the Protecting Against Foreign Adversary Investments Act of 2024 . 2. Authority of Committee on Foreign Investment in the United States to review certain real estate purchases by foreign entities of concern (a) In general Section 721(a)(4) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(a)(4) ) is amended— (1) in subparagraph (A)— (A) in clause (i), by striking ; and and inserting a semicolon; (B) in clause (ii), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following new clause: (iii) any transaction described in subparagraph (B)(vi) proposed or pending on or after the date of enactment of this clause. ; (2) in subparagraph (B), by adding at the end the following new clause: (vi) Subject to subparagraph (C), the purchase or lease by, or a concession to, a foreign entity of concern of private or public real estate in the United States if— (I) the value or fair market value of such purchase, lease, or concession exceeds $1,000,000; (II) the real estate exceeds 100 acres; (III) the aggregate value or fair market value of such purchase, lease, or concession, in combination with the value or fair market value of other purchases or leases by, or concessions to, such foreign entity during the 3-year period preceding the date of such purchase, lease, or concession, exceeds $1,000,000; (IV) the aggregate acreage of such purchase, lease, or concession, in combination with the aggregate acreage of other purchases or leases by, or concessions to, such foreign entity during the 3-year period preceding the date of such purchase, lease, or concession, exceeds 100 acres; or (V) the structure of which is designed or intended to evade or circumvent the application of this clause, as determined by the Committee.