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.
Status:
Expired
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