{"@context":"https://schema.org","@type":"Legislation","name":"Foreign Investment Risk Review Modernization Act of 2018","description":"

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.

","legislationIdentifier":"S 2098","legislationType":"Bill","legislationLegalForce":"NotInForce","legislationJurisdiction":"USA","author":[{"@type":"Person","name":"John Cornyn","url":"https://legisdaily.com/mp/john-cornyn-us"}],"about":{"@type":"Thing","name":"Foreign Trade and International Finance"},"keywords":"Administrative law and regulatory procedures, Administrative remedies, Advisory bodies, Alliances, Asia, China, Civil actions and liability, Computer security and identity theft, Congressional oversight, Corporate finance and management, Criminal investigation, prosecution, interrogation, Defense spending, Department of Commerce, Department of Defense, Elections, voting, political campaign regulation, Executive agency funding and structure, Federal officials, Financial services and investments, Foreign and international corporations, Freedom of information, Government employee pay, benefits, personnel management, Government ethics and transparency, public corruption, 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, Licensing and registrations, Manufacturing, Military facilities and property, Military procurement, research, weapons development, Presidents and presidential powers, Vice Presidents, Public contracts and procurement, Public transit, Railroads, Real estate business, Research and development, Sanctions, Technology transfer and commercialization, Trade restrictions, U.S. and foreign investments, User charges and fees","dateModified":"2025-06-04T00:00:00.000Z","url":"https://legisdaily.com/bill/USA-115-S-2098"}

John Cornyn

John Cornyn

Banking, Housing, and Urban Affairs Committee