Congress 115 - HR 5841 - Foreign Investment Risk Review Modernization Act of 2018

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Alliances Arms control and nonproliferation Bank accounts, deposits, capital Banking and financial institutions regulation Chemical and biological weapons Competitiveness, trade promotion, trade deficits Computer security and identity theft Congressional oversight Corporate finance and management Department of Commerce Department of the Treasury Europe Executive agency funding and structure Federal officials Federal preemption Foreign aid and international relief Foreign and international corporations Foreign Trade and International Finance Government studies and investigations Human rights Infrastructure development Intelligence activities, surveillance, classified information International organizations and cooperation Licensing and registrations Military assistance, sales, and agreements Military operations and strategy Nuclear weapons Presidents and presidential powers, Vice Presidents Public contracts and procurement Racial and ethnic relations Sanctions State and local government operations Technology transfer and commercialization Terrorism Trade restrictions U.S. and foreign investments War and emergency powers

Full Text

View Full Bill Text

Votes

Summary

Foreign Investment Risk Review Modernization Act of 2018

This bill amends the Defense Production Act of 1950 to revise the Committee on Foreign Investment in the United States' (CFIUS's) authority to review the national security implications of foreign investments. The definition of a "covered transaction" subject to CFIUS review is amended to include certain real estate transactions, sensitive transactions involving countries of special concern, and asset transfers pursuant to bankruptcy proceedings. Other topics revised by this bill include mitigation agreements, required CFIUS review factors, and CFIUS funding and resources.

The bill delays to 2021 the National Credit Union Administration rule titled "Risk-Based Capital" published on October 29, 2015.

Export Control Reform Act of 2018

Export Controls Act of 2018

The bill grants the President authority to control and regulate: (1) the export, reexport, and transfer of commodities, software, or technology; and (2) activities relating to specific nuclear, chemical, biological, or other weapons and related projects, and foreign intelligence services. The President must establish an interagency process to identify emerging technologies essential to national security.

Anti-Boycott Act of 2018

The President must issue regulations prohibiting specified actions with respect to foreign boycotts against a country friendly to the United States.

The President must impose sanctions regarding the export, the transfer, or efforts by a foreign country to use or acquire specified weapons technology.

Actions

Jun 27, 2018

Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 492.
Jun 26, 2018

Motion to reconsider laid on the table Agreed to without objection.
Jun 26, 2018

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 2 (Roll no. 295). (text: CR H5674-5690)
Jun 26, 2018

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 2 (Roll no. 295).(text: CR H5674-5690)
Jun 26, 2018

Considered as unfinished business. (consideration: CR H5705-5706)
Jun 26, 2018

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Jun 26, 2018

DEBATE - The House proceeded with forty minutes of debate on H.R. 5841.
Jun 26, 2018

Considered under suspension of the rules. (consideration: CR H5674-5696)
Jun 26, 2018

Mr. Royce (CA) moved to suspend the rules and pass the bill, as amended.
Jun 26, 2018

Reported (Amended) by the Committee on Financial Services. H. Rept. 115-784, Part I.
May 22, 2018

Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 0.
May 22, 2018

Committee Consideration and Mark-up Session Held.
May 18, 2018

Referred to the Subcommittee on Digital Commerce and Consumer Protection.
May 16, 2018

Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Energy and Commerce, Intelligence (Permanent Select), and Oversight and Government Reform, 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.
May 16, 2018

Introduced in House

Amendments

Related Bills