3.0.0 2098 2023-01-11T13:39:23Z 2023-01-11T13:39:23Z Senate S 2017-11-08 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Reported by 2018-05-22T21:36:17Z Markup by 2018-05-22T14:00:00Z Hearings by 2018-01-30T15:00:02Z Hearings by 2018-01-25T15:00:02Z Hearings by 2018-01-18T15:00:02Z Referred to 2017-11-08T18:29:33Z Foreign Investment Risk Review Modernization Act of 2017 115 4311 HR 2018-04-12 Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral. Identical bill CRS John S. McCain National Defense Authorization Act for Fiscal Year 2019 115 5515 HR 2018-08-13 Became Public Law No: 115-232. Related bill CRS 2018-05-22 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 426. Calendars 2018-05-22 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute and an amendment to the title. Without written report. Committee 2018-05-22 Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute and an amendment to the title. Without written report. Committee 14000 9 Library of Congress ssbk00 Banking, Housing, and Urban Affairs Committee 2018-05-22 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2018-01-30 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161. Committee 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 2017-11-08 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7111-7118) IntroReferral 2017-11-08 Introduced in Senate IntroReferral 10000 9 Library of Congress C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX N F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2017-11-08 True B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2017-11-08 True P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2017-11-08 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2017-11-08 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2017-11-08 True S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2017-11-08 True B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2017-11-08 True M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2017-11-08 True L000575 Sen. Lankford, James [R-OK] James Lankford R OK 2017-11-08 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2017-11-29 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2018-02-08 False S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2018-05-07 False 2018-07-24T19:40:26Z S. 2098, Foreign Investment Risk Review Modernization Act of 2018 https://www.cbo.gov/publication/54278 As ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on May 22, 2018 Foreign Trade and International Finance Administrative law and regulatory procedures Administrative remedies Advisory bodies Alliances Asia China Civil actions and liability Computer security and identity theft Congressional oversight Corporate finance and management Criminal investigation, prosecution, interrogation Defense spending Department of Commerce Department of Defense Elections, voting, political campaign regulation Executive agency funding and structure Federal officials Financial services and investments Foreign and international corporations Freedom of information Government employee pay, benefits, personnel management Government ethics and transparency, public corruption Government information and archives Government studies and investigations Government trust funds Industrial policy and productivity Infrastructure development Intellectual property Intelligence activities, surveillance, classified information Judicial review and appeals Licensing and registrations Manufacturing Military facilities and property Military procurement, research, weapons development Presidents and presidential powers, Vice Presidents Public contracts and procurement Public transit Railroads Real estate business Research and development Sanctions Technology transfer and commercialization Trade restrictions U.S. and foreign investments User charges and fees Foreign Trade and International Finance 00 2017-11-08 Introduced in Senate 2018-11-15T15:15:34Z Foreign Investment Risk Review Modernization Act of 2017

This bill amends the Defense Production Act of 1950 to expand the scope of "covered transaction" subject to the review of the Committee on Foreign Investment in the United States (CFIUS). CFIUS analyzes the national security implications of foreign investment in the United States.

A covered transaction includes:

  • any merger, acquisition, or takeover that could result in foreign control of any U.S. business,
  • the purchase or lease of real estate located in the United States that is in close proximity to a U.S. military installation or to another U.S. government facility or property that is sensitive for reasons relating to national security,
  • other investment in a U.S. critical technology company or U.S. critical infrastructure company,
  • any change in a foreign investor's rights that results in foreign control of a U.S. business,
  • the contribution of intellectual property to a foreign person, or
  • any other transaction, transfer, agreement, or arrangement designed to evade or circumvent the authority of CFIUS.

The bill revises other provisions relating to CFIUS, including the length of its review period, special hiring authority and funding, and authority to mandate reviews or take unilateral action.

]]> Foreign Investment Risk Review Modernization Act of 2018 Display Title Foreign Investment Risk Review Modernization Act of 2018 Short Titles as Introduced Foreign Investment Risk Review Modernization Act of 2017 Short Titles as Reported to Senate Foreign Investment Risk Review Modernization Act of 2018 S Senate Official Title as Introduced A bill to modernize and strengthen the Committee on Foreign Investment in the United States to more effectively guard against the risk to the national security of the United States posed by certain types of foreign investment, and for other purposes. Reported to Senate 2018-05-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2098rs/xml/BILLS-115s2098rs.xml Introduced in Senate 2017-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2098is/xml/BILLS-115s2098is.xml 2018-05-22 Placed on Senate Legislative Calendar under General Orders. Calendar No. 426. 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.