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S 1983 115th Congress Senate Foreign Trade and International Finance Congressional oversight Corporate finance and management Economic performance and conditions Foreign and international corporations Government information and archives U.S. and foreign investments

United States Foreign Investment Review Act of 2017

Introduced: October 18, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-160.
Jan 18, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Oct 18, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2998-2999)
Oct 18, 2017
Introduced in Senate
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 Plain-English summary Congressional Research Service

United States Foreign Investment Review Act of 2017

This bill amends the Trade Act of 1974 to require each party to a covered transaction to submit a written notification to the Department of Commerce of such transaction. "Covered transaction" is defined as any merger, acquisition, takeover, or investment, or the establishment of a new entity, by or with any person, that is proposed or pending after this bill's enactment that could result in foreign control of any individual or entity engaged in interstate commerce in the United States valued at: (1) $50 million or more, in the case of a transaction involving a state-owned enterprise; and (2) $1 billion or more, in the case of any other transaction.

Upon receiving such notification, Commerce must: (1) review the transaction to determine its economic effect on the United States, considering specified economic factors; and (2) based on the results of the review, take appropriate action.

The bill prohibits the expenditure of funds to encourage investment in the United States by any foreign state-owned enterprise that does not operate according to market considerations.

What's happening now January 25, 2018

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-160.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Oct 18, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1983: United States Foreign Investment Review Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-1983/
MLA
"S. 1983: United States Foreign Investment Review Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1983/.
Bluebook (legal)
S. 1983, 115th Cong. (2026), https://openamerica.io/bill/115-S-1983/.
Markdown link
[S. 1983: United States Foreign Investment Review Act of 2017](https://openamerica.io/bill/115-S-1983/)
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