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United States · Bill · S

S. 2098 (115th)

Foreign Investment Risk Review Modernization Act of 2018

openUnited States· United States Congress· EN

Introduced

8 November 2017

Last action

22 May 2018 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.

Sponsors

Sen. Cornyn, John [R-TX], Sen. Feinstein, Dianne [D-CA], Sen. Burr, Richard [R-NC], Sen. Peters, Gary C. [D-MI], Sen. Rubio, Marco [R-FL], Sen. Klobuchar, Amy [D-MN], Sen. Scott, Tim [R-SC], Sen. Barrasso, John [R-WY], Sen. Manchin, Joe, III [D-WV], Sen. Lankford, James [R-OK], Sen. Collins, Susan M. [R-ME], Sen. Baldwin, Tammy [D-WI], Sen. Sullivan, Dan [R-AK]

Subjects

Defence, Transport

Source updated

21 January 2026

Defence · Transport

Official sourceDownload fileView documentsShare

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 8 November 2017

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7111-7118)

    Source: IntroReferral

  2. 8 November 2017

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 18 January 2018

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held.

    Source: Committee

  4. 25 January 2018

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-160.

    Source: Committee

  5. 30 January 2018

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161.

    Source: Committee

  6. 22 May 2018

    Reported

    Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute and an amendment to the title. Without written report.

    Source: Committee

  7. 22 May 2018

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.

    Source: Calendars

  8. 22 May 2018

    Reported

    Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Reported to Senate (text)

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  • Reported to Senate (text)

    Reported to Senate · EN · 22 May 2018

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  • Reported to Senate (PDF)

    Reported to Senate · EN · 22 May 2018

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 8 November 2017

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 8 November 2017

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  • Introduced in Senate

    summary · EN · 8 November 2017

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Sponsors

Related records

Sources

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