3.0.0 1983 2023-01-11T13:38:15Z 2023-01-11T13:38:15Z Senate S 2017-10-18 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2018-01-25T15:00:00Z Hearings by 2018-01-18T15:00:00Z ssfi00 Finance Committee Senate Standing Referred to 2017-10-18T21:16:13Z 2018-01-25 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-160. Committee 2018-01-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2017-10-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2998-2999) IntroReferral 2017-10-18 Introduced in Senate IntroReferral 10000 9 Library of Congress B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH N G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2017-10-18 True Foreign Trade and International Finance Congressional oversight Corporate finance and management Economic performance and conditions Foreign and international corporations Government information and archives U.S. and foreign investments Foreign Trade and International Finance 00 2017-10-18 Introduced in Senate 2018-07-05T16:33:43Z United States Foreign Investment Review Act of 2017

This bill amends the Trade Act of 1974 to require each party to a covered transaction to submit a written notification to the Department of Commerce of such transaction. "Covered transaction" is defined as any merger, acquisition, takeover, or investment, or the establishment of a new entity, by or with any person, that is proposed or pending after this bill's enactment that could result in foreign control of any individual or entity engaged in interstate commerce in the United States valued at: (1) $50 million or more, in the case of a transaction involving a state-owned enterprise; and (2) $1 billion or more, in the case of any other transaction.

Upon receiving such notification, Commerce must: (1) review the transaction to determine its economic effect on the United States, considering specified economic factors; and (2) based on the results of the review, take appropriate action.

The bill prohibits the expenditure of funds to encourage investment in the United States by any foreign state-owned enterprise that does not operate according to market considerations.

]]> United States Foreign Investment Review Act of 2017 Display Title United States Foreign Investment Review Act of 2017 Short Titles as Introduced United States Foreign Investment Review Act of 2017 Official Title as Introduced A bill to establish a process to review foreign investment to determine the economic effect of the investment on the United States, and for other purposes. Introduced in Senate 2017-10-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1983is/xml/BILLS-115s1983is.xml 2018-01-25 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-160. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.