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Expands CFIUS authority to review foreign purchases, leases, or concessions of real property located near U.S. military installations or within military airspace and requires CFIUS to initiate such reviews on its own authority. It also pauses certain federal approvals for energy and transportation-related projects that involve real property under CFIUS review, requires agency notifications to Congress and local elected officials, and directs the Secretary of Defense to make and transmit an "unacceptable risk" finding if CFIUS refers a covered transaction to the President.
Redesignates existing subsections (f), (g), and (h) as (g), (h), and (i), respectively, and inserts a new subsection (f) establishing special rules requiring the Secretary of Defense to delay completion of DoD review of certain energy project applications filed under 49 U.S.C. 44718 while the Committee on Foreign Investment in the United States (CFIUS) completes its review of related real property transactions under section 721 of the Defense Production Act; requires the Secretary to notify the Secretary of Transportation of such delays; and requires the Secretary to find an unacceptable national security risk and transmit that finding to the Secretary of Transportation if CFIUS refers the transaction to the President under section 721(d).
Redesignates existing subsection (h) as subsection (i) and inserts a new subsection (h) providing that the Secretary of Transportation may not issue a determination with respect to a proposed structure to be located on real property whose purchase, lease, or concession is under CFIUS review under section 721 of the Defense Production Act of 1950 until CFIUS concludes action under section 721 and until the Secretary of Defense either issues a finding under 10 U.S.C. 183a(e) or advises that no such finding will be forthcoming.
Amends section 721 (50 U.S.C. 4565) to (1) expand the definition of 'covered transaction' to include transactions described in a newly added subparagraph (B)(vi), (2) add a new subparagraph (B)(vi) describing certain purchases, leases, or concessions of private or public real estate (text contains placeholders) and (3) require the Committee on Foreign Investment in the United States to unilaterally initiate reviews of covered transactions described in the new subparagraph. Also amends certification provisions to require notice to the Senators from the State and the Representative from the Congressional District where the affected military installation, route, airspace, or area is located for such transactions.
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Energy and Commerce, Armed Services, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced April 9, 2025 by Jodey Cook Arrington · Last progress April 9, 2025
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, Energy and Commerce, Armed Services, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
