A bill to require the Committee on Foreign Investment in the United States to annually review, update, and report on the facilities and property of the United States Government determined to be national security sensitive for purposes of review of real estate transactions under section 721 of the Defense Production Act of 1950.
A bill to require the Committee on Foreign Investment in the United States to annually review, update, and report on the facilities and property of the United States Government determined to be national security sensitive for purposes of review of real estate transactions under section 721 of the Defense Production Act of 1950.
Plain Language Summary
# Summary of S 2116 **What the Bill Would Do** This bill would require a government committee called the Committee on Foreign Investment in the United States (CFIUS) to create and maintain an annual list of U.S. government facilities and properties that are considered sensitive to national security. The committee would need to regularly review and update this list, then report their findings each year. This list would help the government review and potentially block real estate sales or transfers near sensitive military, intelligence, or defense facilities to foreign buyers or investors. **Who It Affects and Why It Matters** The bill primarily affects foreign investors and companies interested in buying property in the United States, particularly near sensitive government installations.
It also affects the CFIUS committee, which would take on additional responsibilities to maintain and report on these sensitive locations. The underlying concern is preventing hostile foreign governments or entities from acquiring property near critical U.S. defense or intelligence facilities. **Current Status** S 2116 was introduced by Senator Tim Scott (R-SC) in the 119th Congress and is currently under review in a Senate committee. The bill has not yet been voted on or passed.
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.