PROTECT Act of 2025

This bill would expand national security reviews of foreign investments in the United States. It tells the Committee on Foreign Investment in the United States (CFIUS) to review both new projects (greenfield) and investments in existing sites (brownfield) when they come from “foreign countries of concern.” It does this by adding these deals to the types of “covered transactions” under existing law. It also makes the parties involved file a short declaration with CFIUS for these deals.

Key points

• Who is affected: Foreign investors from countries of concern, and U.S. businesses or sites they invest in.
• What changes: These greenfield and brownfield deals would be reviewed by CFIUS and would require a mandatory declaration filing.
• When: The provided text does not state an effective date.