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Limiting Funds for US Foreign Investment Committee

This bill aims to cap spending for a government committee that reviews foreign investments in the US. It means the committee will have less money for its operations in 2024. This could affect the speed and thoroughness of investment reviews, indirectly impacting the country's economic security.
Key points
The bill limits the budget of the Committee on Foreign Investment in the US to $20 million for 2024.
Reduced funding might impact the committee's ability to thoroughly vet foreign investments, which is important for national security and the economy.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_2048
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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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

To provide for a limitation on availability of funds for Department of Treasury, Committee on Foreign Investment in the United States for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2048.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • The bill limits the budget of the Committee on Foreign Investment in the US to $20 million for 2024.
  • Reduced funding might impact the committee's ability to thoroughly vet foreign investments, which is important for national security and the economy.
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 Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Innovation, Data, and Commerce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Public Investments Security