3.0.0 1827 2025-01-14T18:20:21Z 2025-01-14T18:20:21Z Senate S S 2023-06-06 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-06-06T20:54:42Z 2023-06-06 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-06-06 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2023-06-06 True Foreign Trade and International Finance Foreign Trade and International Finance 2023-06-28T14:45:17Z

00 2023-06-06 Introduced in Senate 2023-11-09T12:58:04Z <p><b>Genomics Expenditures and National Security Enhancement Act of 2023 or the GENE Act</b></p> <p>This bill establishes oversight requirements for certain foreign investments in a U.S. business that maintains or collects information about the genetic tests of U.S. citizens (including information relating to genomic sequencing).</p> <p>Specifically, the Committee on Foreign Investment in the United States (CFIUS) must require the parties to specified transactions (e.g., mergers, acquisitions, or takeovers by or with any foreign person that could result in foreign control of any U.S. business) to submit a mandatory declaration containing basic information regarding the transaction.</p> <p>Further, CFIUS must consult with the Department of Health and Human Services in any review or investigation of a covered transaction that involves this type of investment by a foreign person in a U.S. business.</p> <p>The bill also expands the congressional committees to which CFIUS must give annual testimony concerning foreign investment in the United States to include (1) the Committee on Foreign Relations of the Senate, (2) the Select Committee on Intelligence of the Senate, (3) the Committee on Foreign Affairs of the House of Representatives, and (4) the Permanent Select Committee on Intelligence of the House of Representatives. Currently, such testimony is only given to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate.</p>

Display Title 45 2024-07-24T15:21:48Z Short Title(s) as Introduced 101 2024-05-24T13:39:11Z Introduced in Senate IS Short Title(s) as Introduced 101 2024-05-24T13:39:11Z Introduced in Senate IS Official Title as Introduced 6 2023-06-27T14:35:53Z Introduced in Senate IS Introduced in Senate 2023-06-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s1827is/xml/BILLS-118s1827is.xml 2023-06-06 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.