Foreign Investment Risk Review Modernization Act of 2017
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Nov 8, 2017)
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 just happenedApr 12, 2018
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Who’s behind it
- Introduced in HouseNov 8, 2017
- Apr 12, 2018Committee
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Financial Institutions and Monetary Policy Subcommittee - Nov 10, 2017Committee
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
Innovation, Data, and Commerce Subcommittee - Nov 8, 2017IntroReferralH11100
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.
Budget Committee - Nov 8, 2017IntroReferralH11100
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.
Armed Services Committee - Nov 8, 2017IntroReferralH11100
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.
Intelligence (Permanent Select) Committee - Nov 8, 2017IntroReferralH11100
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.
Foreign Affairs Committee - Nov 8, 2017IntroReferralH11100
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.
Energy and Commerce Committee - Nov 8, 2017IntroReferralH11100
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.
Financial Services Committee - Nov 8, 2017IntroReferralIntro-H
Introduced in House
- Nov 8, 2017IntroReferral1000
Introduced in House