Bill > HR5841

This bill, the Foreign Investment Risk Review Modernization Act of 2018, aims to modernize and strengthen the Committee on Foreign Investment in the United States (CFIUS) to more effectively guard against national security risks posed by certain types of foreign investment. Key provisions include expanding the scope of transactions reviewed by CFIUS, requiring mandatory declarations for certain investments, allowing CFIUS to suspend transactions, centralizing certain CFIUS functions, providing special hiring authority and funding for CFIUS, and improving reporting and information sharing requirements. The bill also includes provisions related to export control reform, implementing anti-boycott policies, and providing common sense credit union capital relief. Overall, the bill is intended to address evolving national security threats through updates to the CFIUS review process and broader export control authorities.

Business and Industry, Military Affairs and Security

https://www.congress.gov/bill/115th-congress/house-bill/5841/all-info