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National Critical Capabilities Defense: Foreign Investment Review

This act introduces new rules for U.S. investments in countries deemed a threat to national security. Its purpose is to protect critical U.S. economic sectors like semiconductor manufacturing and artificial intelligence. Companies will be required to notify the government of such investments, which may then be blocked or made subject to conditions to safeguard national interests.
Key points
U.S. companies must notify planned investments in countries of concern, such as China or Russia, if they involve critical sectors.
A special committee will be established to assess national security risks associated with these investments.
The committee can prohibit investments or impose conditions to mitigate risks, for example, regarding technology transfer.
Non-compliance with the regulations may result in significant financial penalties.
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Additional Information
Print number: 118_HR_3136
Sponsor: Rep. DeLauro, Rosa L. [D-CT-3]
Process start date: 2023-05-09