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Increased Transparency and Accountability for Foreign Investments Affecting US Security.

This law tightens oversight of foreign investments in the US that could pose a national security risk. It creates a formal process allowing member agencies of the Committee to request a review of a transaction, and if the Committee does not initiate a review, it must issue a public notice to appropriate congressional committees. This ensures greater transparency regarding decisions to protect critical economic sectors.
Key points
Member agencies of the Committee can now formally request that the Committee (CFIUS) review specific transactions.
If the Committee decides not to review a transaction, it must issue a public notice to Congress describing the transaction and the decision (while keeping party names classified).
The goal is to enhance national security by formalizing the process for requesting investment reviews.
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Additional Information
Print number: 118_HR_8636
Sponsor: Rep. Moolenaar, John R. [R-MI-2]
Process start date: 2024-06-05
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Foreign Investment Transparency and Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8636.

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 2024-06-05.

What are the main provisions?

Key points include:

  • Member agencies of the Committee can now formally request that the Committee (CFIUS) review specific transactions.
  • If the Committee decides not to review a transaction, it must issue a public notice to Congress describing the transaction and the decision (while keeping party names classified).
  • The goal is to enhance national security by formalizing the process for requesting investment reviews.
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. Moolenaar, John R. [R-MI-2].

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 2025-12-30.

CATEGORIES

Security Economy