Bill
Bill > HR5806
summary
Introduced
11/01/2021
11/01/2021
In Committee
11/02/2021
11/02/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To require the review by the Committee on Foreign Invest- ment in the United States of greenfield investments by the People’s Republic of China.
AI Summary
This bill amends the Defense Production Act of 1950 to require the Committee on Foreign Investment in the United States (CFIUS) to review "greenfield investments" by the People's Republic of China. Specifically, it expands the definition of "covered transactions" under CFIUS review to include any transaction involving a Chinese investment that results in the establishment of a U.S. business to operate a factory or other facility on purchased or leased private or public real estate. The bill also defines the "Government of the People's Republic of China" to include national and subnational governments, departments, agencies, and instrumentalities within China. Additionally, the bill mandates that the parties to such Chinese greenfield investments submit declarations to CFIUS for review.
Committee Categories
Business and Industry
Sponsors (10)
Chris Stewart (R)*,
Brian Babin (R),
Dan Bishop (R),
Rick Crawford (R),
Michael Guest (R),
John Katko (R),
Nancy Mace (R),
Burgess Owens (R),
Ann Wagner (R),
Randy Weber (R),
Last Action
Referred to the Subcommittee on Consumer Protection and Commerce. (on 11/02/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/5806/all-info |
| BillText | https://www.congress.gov/117/bills/hr5806/BILLS-117hr5806ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr5806/BILLS-117hr5806ih.pdf.pdf |
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