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Protecting US Critical Capabilities: Foreign Investment Review

This act aims to protect critical US capabilities, such as medicine production or infrastructure, by reviewing American companies' investments in countries of concern. This means the government can block or modify transactions that might weaken national security or crisis preparedness, affecting the availability of essential products and services for citizens.
Key points
Establishment of a Committee on National Critical Capabilities to assess risks from US business investments abroad.
Mandatory notification for US businesses engaging in transactions that could shift critical capabilities to countries of concern.
Presidential authority to suspend or prohibit transactions posing unacceptable risks to national security or crisis preparedness.
Requirement for government contractors to disclose supply chains and reliance on imports from countries of concern.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_1854
Sponsor: Sen. Casey, Robert P., Jr. [D-PA]
Process start date: 2021-05-26
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

National Critical Capabilities Defense Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1854.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-26.

What are the main provisions?

Key points include:

  • Establishment of a Committee on National Critical Capabilities to assess risks from US business investments abroad.
  • Mandatory notification for US businesses engaging in transactions that could shift critical capabilities to countries of concern.
  • Presidential authority to suspend or prohibit transactions posing unacceptable risks to national security or crisis preparedness.
  • Requirement for government contractors to disclose supply chains and reliance on imports from countries of concern.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Casey, Robert P., Jr. [D-PA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Security Economy Public Investments