H.R. 4311 115th Congress House

Foreign Investment Risk Review Modernization Act of 2017

Official title: 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… Show full official titleShow less

Official title: 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.

Introduced: March 21, 2018 See on congress.gov

Foreign Trade and International Finance Administrative law and regulatory proceduresAdministrative remediesAlliancesComputer security and identity theft

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Congressional oversightCorporate finance and managementDefense spendingDepartment of DefenseExecutive agency funding and structureGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment studies and investigationsGovernment trust fundsIndustrial policy and productivityInfrastructure developmentIntellectual propertyIntelligence activities, surveillance, classified informationJudicial review and appealsManufacturingMilitary facilities and propertyMilitary procurement, research, weapons developmentPresidents and presidential powers, Vice PresidentsPublic contracts and procurementReal estate businessTechnology transfer and commercializationTrade restrictionsU.S. and foreign investmentsUser charges and fees

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

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Latest action April 12, 2018

Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.

Plain-English summary Congressional Research Service

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.

Related & companion bills 2

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 8

Armed Services Committee
House of Representatives
Budget Committee
House of Representatives
Commerce, Manufacturing, and Trade Subcommittee
House of Representatives · subcommittee of Energy and Commerce Committee
Energy and Commerce Committee
House of Representatives
Financial Institutions and Monetary Policy Subcommittee
House of Representatives · subcommittee of Financial Services Committee
Financial Services Committee
House of Representatives
Foreign Affairs Committee
House of Representatives
Intelligence (Permanent Select) Committee
House of Representatives

Cosponsors 50

Alabama · May 8, 2018

Georgia · Apr 13, 2018

Arkansas · Apr 10, 2018

Scott, Austin

Georgia · Mar 21, 2018

COOPER, JAMES

· Mar 15, 2018

Crawford, Eric A. "Rick"

Arkansas · Mar 15, 2018

Smith, Jason

Missouri · Mar 15, 2018

North Carolina · Jan 30, 2018

Hunter, Duncan

· Jan 30, 2018

Tenney, Claudia

New York · Jan 30, 2018

Indiana · Dec 11, 2017

Stefanik, Elise M.

New York · Nov 21, 2017

Connecticut · Nov 8, 2017

Alabama · Nov 8, 2017

Smith, Christopher H.

New Jersey · Nov 8, 2017

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 4311: Foreign Investment Risk Review Modernization Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4311/

MLA

"H.R. 4311: Foreign Investment Risk Review Modernization Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4311/.

Bluebook (legal)

H.R. 4311, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4311/.

Markdown link

[H.R. 4311: Foreign Investment Risk Review Modernization Act of 2017](https://openamerica.io/bill/115-HR-4311/)