Strategic Assets Protection Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
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.
Bill text
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