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S. 2098 115th Congress Senate

Foreign Investment Risk Review Modernization Act of 2018

Official title: A bill to modernize and strengthen the Committee on Foreign Investment in the United States to more effectively guard against the risk to the national security… Show full official titleShow less

Official title: A bill 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: November 8, 2017 Introduced by: John Cornyn Republican · Texas See on congress.gov
Foreign Trade and International Finance Administrative law and regulatory proceduresAdministrative remediesAdvisory bodiesAlliances
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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 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.
May 22, 2018
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute and an amendment to the title. Without written report.
May 22, 2018
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jan 30, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161.
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.
Nov 8, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7111-7118)
Nov 8, 2017
Introduced in Senate
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 Latest action May 22, 2018

Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.

 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
  • HR 4311 Identical bill Foreign Investment Risk Review Modernization Act of 2017
  • HR 5515 John S. McCain National Defense Authorization Act for Fiscal Year 2019
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 3 Republican 5
R
Sullivan, Dan
Alaska · May 7, 2018
 D
Baldwin, Tammy
Wisconsin · Feb 8, 2018
 R
Collins, Susan M.
Maine · Nov 29, 2017
 R
Barrasso, John
Wyoming · Nov 8, 2017
Burr, Richard
· Nov 8, 2017
 D
Klobuchar, Amy
Minnesota · Nov 8, 2017
 R
Lankford, James
Oklahoma · Nov 8, 2017
 D
Peters, Gary C.
Michigan · Nov 8, 2017
 R
Scott, Tim
South Carolina · Nov 8, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2098: Foreign Investment Risk Review Modernization Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-2098/
MLA
"S. 2098: Foreign Investment Risk Review Modernization Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2098/.
Bluebook (legal)
S. 2098, 115th Cong. (2026), https://openamerica.io/bill/115-S-2098/.
Markdown link
[S. 2098: Foreign Investment Risk Review Modernization Act of 2018](https://openamerica.io/bill/115-S-2098/)
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