[Congressional Record Volume 170, Number 96 (Wednesday, June 5, 2024)]
[House]
[Page H3674]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

           By Mr. MOOLENAAR:
       H.R. 8636.
       Congress has the power to enact this legislation pursuant 
     to the following:
       Article I, Section 8, clause 3, provides Congress with the 
     power to ``regulate commerce with foreign nations, and among 
     the several states, and with the Indian tribes.'' The Supreme 
     Court has held that the ``power of Congress to promote 
     interstate commerce also includes the power to regulate . . . 
     local activities in both the States of origin and 
     destination, which might have a substantial and harmful 
     effect upon that commerce,'' including local discriminatory 
     activities that have a ``disruptive effect . . . on 
     commercial intercourse.''
       The single subject of this legislation is:
       The purpose of the bill is to have a more transparent 
     notification process to Congress to help identify policy gaps 
     in CFIUS jurisdictional claims. It aims to bolster national 
     security by ensuring thorough oversight of foreign 
     investments through enhanced procedural transparency and 
     accountability within CFIUS. By mandating notifications to 
     Congress when reviews are not initiated, this legislation 
     ensures that potential risks are systematically assessed and 
     that the legislative framework remains responsive to emerging 
     threats.