Ask me about this bill
This is not an official government website.
Copyright © 2026 PLEJ LC. All rights reserved.
Expands the Committee on Foreign Investment in the United States (CFIUS) authority so it can review foreign purchases, leases, or concessions of U.S. real estate near military installations or military airspace, and requires broader congressional notification of those reviews. It also creates a pause on approvals for certain energy projects sited on land under CFIUS review: the Department of Defense must delay or report its national security analysis and the Department of Transportation cannot complete specified determinations until CFIUS and DoD finish their reviews, with a mandate to treat referred transactions as unacceptable national security risks if the President is involved.
Adds a new clause (iii) to subparagraph (A) to include transactions described in a newly added subparagraph (B)(vi) as covered transactions, and adds new subparagraph (B)(vi) to define certain purchases, leases, or concessions of private or public real estate by foreign persons.
Redesignates existing subsections (f), (g), and (h) as (g), (h), and (i), respectively, and inserts a new subsection (f) establishing a special rule that ties Department of Defense review of certain energy project applications to Committee on Foreign Investment in the United States (CFIUS) actions under section 721 of the Defense Production Act and requires DoD findings and notifications when CFIUS refers a transaction to the President.
Redesignates existing subsection (h) as (i) and inserts a new subsection (h) that prohibits the Secretary of Transportation from issuing a determination under this section for structures to be located on real property whose purchase, lease, or concession is under CFIUS review under section 721 of the Defense Production Act (50 U.S.C. 4565) until CFIUS concludes action and the Secretary of Defense issues or declines to issue the finding required under 10 U.S.C. 183a(e).
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced January 22, 2025 by Rafael Edward Cruz · Last progress January 22, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate