Bill
Bill > HR5926
summary
Introduced
10/11/2023
10/11/2023
In Committee
11/03/2023
11/03/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To require the review by the Committee on Foreign Investment in the United States of greenfield investments by the People’s Republic of China.
AI Summary
This bill aims to expand the review authority of the Committee on Foreign Investment in the United States (CFIUS) to include greenfield investments by the People's Republic of China. Specifically, it amends the Defense Production Act to define a "covered transaction" to include any transaction where a Chinese entity, including the Chinese government or entities owned or controlled by the government, invests in or establishes a U.S. business through the purchase, lease, or concession of private or public real estate in the United States. The bill also provides a definition of the "Government of the People's Republic of China" to include national and subnational governments, departments, agencies, and instrumentalities. Furthermore, it requires the parties to such Chinese greenfield investments to submit a declaration to CFIUS for review.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Referred to the Subcommittee on Innovation, Data, and Commerce. (on 11/03/2023)
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/118th-congress/house-bill/5926/all-info |
| BillText | https://www.congress.gov/118/bills/hr5926/BILLS-118hr5926ih.pdf |
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