To amend the Organic Act of Guam to provide an exception to the "public purpose" requirement for certain land transfers in the case of a transfer restoring such land to the original landowner or heirs, and for other purposes.

Summary

Allows the Government of Guam to return federally transferred excess real property to the original owner or their heirs if Guam adopts a transfer process and reports that process to Congress within 180 days. If a later sale of that restored property is made to a foreign person (other than an heir), the purchase is treated as a covered transaction and must undergo review by the Committee on Foreign Investment in the United States (CFIUS).

• Allows Guam to return federally excess real property to original owners or heirs as an exception to an existing transfer rule.
• Requires Guam to create a transfer process and report that process to two congressional committees within 180 days of enactment.
• Treats later sales of restored property to foreign persons (except heirs) as covered transactions under the Defense Production Act.
• Directs CFIUS to initiate review of such foreign purchases under the statutory review process.
• Does not provide new federal funding for Guam to implement the required transfer process or reporting.
• Applies only to excess federal real property in Guam and to subsequent sales to foreign persons, not to all property transfers.
• Imposes a reporting and procedural requirement on Guam that could be considered an unfunded mandate.
• Intends to restore property rights to original owners/heirs while preserving national security review of foreign acquisitions.