arrow_back Back to App

Faster Presidential Decisions on Foreign Investment Reviews

This act shortens the time the President has to announce a decision on blocking or suspending foreign business transactions that might threaten national security. This aims to speed up decision-making processes and increase certainty for businesses and investors, impacting economic stability.
Key points
The President must announce a decision on foreign transactions within 15 days if standard review deadlines have passed.
Any previously announced suspensions or prohibitions of transactions must be finalized by the President within 30 days.
Accelerating decision-making processes aims to increase predictability for foreign businesses and investors.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_2895
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Process start date: 2023-04-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Time Is Up Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2895.

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 2023-04-26.

What are the main provisions?

Key points include:

  • The President must announce a decision on foreign transactions within 15 days if standard review deadlines have passed.
  • Any previously announced suspensions or prohibitions of transactions must be finalized by the President within 30 days.
  • Accelerating decision-making processes aims to increase predictability for foreign businesses and investors.
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. Luetkemeyer, Blaine [R-MO-3].

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 2025-12-25.

CATEGORIES

Economy Security