Protecting US National Critical Capabilities from Foreign Threats.
This act aims to protect the United States' critical production and service capabilities essential for national security and crisis preparedness. It introduces mechanisms to control US company investments abroad, especially in countries deemed a threat, to prevent the transfer of vital technologies and production. Citizens may experience greater stability in access to key products like medicines and medical equipment, and enhanced national security.
Key points
Establishment of a Committee on National Critical Capabilities to assess risks from US investments abroad.
Requirement for US businesses to report transactions that could shift critical technologies or production to countries of concern.
The President can block or suspend transactions if they pose an unacceptable risk to national security or crisis preparedness.
Strengthening domestic supply chains for essential goods, including medical supplies, medicines, and defense components.
Expired
Additional Information
Print number: 117_HR_6329
Sponsor: Rep. DeLauro, Rosa L. [D-CT-3]
Process start date: 2021-12-20