Bill > S686

This bill, the Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act (RESTRICT Act), authorizes the Secretary of Commerce to review and prohibit certain transactions between persons in the United States and foreign adversaries. The bill defines key terms like "covered transaction," "foreign adversary," and "ICTS covered holding entity," and establishes procedures for the Secretary to identify and mitigate risks posed by these transactions and holdings. The bill also allows the President to take action, including ordering divestment, against covered holdings that pose an undue or unacceptable risk to national security. The bill provides for congressional oversight and judicial review of the Secretary's and President's actions under the Act.

Transportation and Infrastructure

https://www.congress.gov/bill/118th-congress/senate-bill/686/all-info