Bill > S2368

This bill, called the "Defending American Property Abroad Act of 2025," aims to protect U.S. property interests in foreign countries, particularly in the Western Hemisphere. The bill establishes a process for identifying and prohibiting the use of ports, harbors, and marine terminals that have been nationalized or expropriated by foreign governments from free trade partner countries. Within 60 days of enactment, the Secretary of Homeland Security, in consultation with the Secretaries of Treasury and State, must identify and designate such "prohibited property" and publish a list in the Federal Register. The bill prohibits vessels associated with these designated properties from importing goods, releasing goods, docking passenger vessels, or conducting maintenance activities in the United States. Additionally, the bill expands the definition of unreasonable or discriminatory trade practices under the Trade Act of 1974 to include direct or indirect expropriation, arbitrary treatment, denial of due process, and discrimination against U.S. persons' assets. The legislation defines key terms like "United States person" (U.S. citizens, permanent residents, or entities majority-owned by U.S. citizens) and "prohibited property" (ports or harbors in free trade partner countries that have been taken from U.S. persons), providing a comprehensive framework for protecting U.S. economic interests abroad.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/2368/all-info