Bill > S1456

This bill establishes new restrictions on retailers controlled by foreign nations operating on U.S. military installations. Specifically, the Secretary of Defense is prohibited from entering into or renewing long-term concession agreements with retailers controlled by "covered nations" (a term defined elsewhere in law) unless certain conditions are met. These conditions include either obtaining a waiver or receiving a determination from the Committee on Foreign Investment in the United States (CFIUS) that the retailer's presence will not harm national security. Existing agreements must be reviewed within 180 days, and retailers found to be controlled by covered nations must be terminated unless they receive a waiver or CFIUS clearance. A waiver can only be granted if the retailer's goods or services are critical to military personnel welfare and adequate security risk mitigation measures are in place. Retailers must disclose their ownership and relationships with foreign nations, and can be terminated for non-compliance or misrepresentation. The bill defines various terms like "covered retailer" and "long-term concessions agreement" to clarify its scope, and requires the Secretary of Defense to report to Congress when using waiver authority. The overall goal is to prevent potential national security risks from foreign-controlled businesses operating on U.S. military bases.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/1456/all-info