Bill > HR4311

Introduced Session

Foreign Investment Risk Review Modernization Act of 2017 This bill amends the Defense Production Act of 1950 to expand the scope of "covered transaction" subject to the review of the Committee on Foreign Investment in the United States (CFIUS). CFIUS analyzes the national security implications of foreign investment in the United States. A covered transaction includes: any merger, acquisition, or takeover that could result in foreign control of any U.S. business, the purchase or lease of real estate located in the United States that is in close proximity to a U.S. military installation or to another U.S. government facility or property that is sensitive for reasons relating to national security, other investment in a U.S. critical technology company or U.S. critical infrastructure company, any change in a foreign investor's rights that results in foreign control of a U.S. business, the contribution of intellectual property to a foreign person, or any other transaction, transfer, agreement, or arrangement designed to evade or circumvent the authority of CFIUS. The bill revises other provisions relating to CFIUS, including the length of its review period, special hiring authority and funding, and authority to mandate reviews or take unilateral action.

Committee Categories

Robert Pittenger (R)*,  Jim Banks (R),  Liz Cheney (R),  Mike Coffman (R),  K. Michael Conaway (R),  Jim Cooper (D),  Rick Crawford (R),  Henry Cuellar (D),  John Culberson (R),  Rosa DeLauro (D),  Ron DeSantis (R),  Sean Duffy (R),  Blake Farenthold (R),  Mike Gallagher (R),  Kay Granger (R),  Tom Graves (R),  Vicky Hartzler (R),  Denny Heck (D),  Jody Hice (R),  Richard Hudson (R),  Duncan Hunter (R),  Sam Johnson (R),  Walter Jones (R),  Steve King (R),  David Loebsack (D),  Barry Loudermilk (R),  Michael McCaul (R),  Luke Messer (R),  Alex Mooney (R),  Markwayne Mullin (R),  Devin Nunes (R),  Pete Olson (R),  Bill Posey (R),  Martha Roby (R),  Mike Rogers (R),  Keith Rothfus (R),  Tim Ryan (D),  Austin Scott (R),  Pete Sessions (R),  Terri Sewell (D),  Chris Smith (R),  Jason Smith (R),  Jackie Speier (D),  Elise Stefanik (R),  Chris Stewart (R),  Claudia Tenney (R),  Mac Thornberry (R),  Randy Weber (R),  Brad Wenstrup (R),  Bruce Westerman (R),  Ted Yoho (R), 

Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral. (on 04/12/2018)

Official Document