HR 8258
Strategic Assets Protection Act
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Bill overview
This bill directs the Committee on Foreign Investment in the United States (CFIUS) to review transactions that occurred after January 1, 2017, involving specific assets deemed critical to national security. These assets include real estate, businesses, and infrastructure related to the U.S. nuclear triad, such as missile facilities and submarine shipyards. The goal of the review is to determine if any transactions pose a risk to national security and to recommend appropriate actions, including mitigation measures or presidential action.
Key provisions
- CFIUS must review transactions completed since January 1, 2017.
- The review focuses on real estate, businesses, and critical infrastructure.
- Specific assets reviewed include those supporting the U.S. nuclear triad.
- The review assesses potential national security risks.
- Recommendations for mitigation, reopening the review, or presidential action are required.
Who is affected
- Foreign investors
- U.S. businesses
- The Committee on Foreign Investment in the United States (CFIUS)
- The Executive Branch (Treasury Department)
- Congress (Appropriations and Armed Services Committees)
Notable changes
- Expands the scope of CFIUS review to include a broader range of critical infrastructure assets.
- Specifically targets assets related to the U.S. nuclear triad.
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Primary sponsor
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119th CONGRESS — 2d Session
H. R. 8258
IN THE HOUSE OF REPRESENTATIVES
A BILL
To direct the Committee on Foreign Investment in the United States to conduct a review of certain transactions.
This Act may be cited as the Strategic Assets Protection Act
.
The review required by subsection (a) shall include an assessment of whether any such transaction presents a risk to the national security of the United States and whether mitigation measures, reopening of review, or recommendation to the President for appropriate action under section 721(d) of the Defense Production Act of 1950 are warranted.
The Secretary of the Treasury shall submit to the Committees on Appropriations and the Committees on Armed Services of the House of Representatives and the Senate, not later than 180 days after the date of the enactment of this Act, a classified report detailing the findings of such review and any actions taken or recommended, with an unclassified summary to the extent practicable.