HR 4311
115th Congress
House
Foreign Trade and International Finance
Administrative law and regulatory procedures
Administrative remedies
Alliances
Computer security and identity theft
Congressional oversight
Corporate finance and management
Defense spending
Department of Defense
Executive agency funding and structure
Government employee pay, benefits, personnel management
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
Manufacturing
Foreign Investment Risk Review Modernization Act of 2017
Introduced: November 8, 2017
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 12, 2018
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Nov 10, 2017
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Nov 8, 2017
Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, Foreign Affairs, Intelligence (Permanent Select), Armed Services, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 8, 2017
Introduced in House
Plain-English summary
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.
What's happening now
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Committees of jurisdiction
8