Title: Safeguarding American PII Act
Policy area: Foreign Trade and International Finance

Summary:
Safeguarding American Personal Information and Investment Act or the Safeguarding American PII Act
This bill amends the Defense Production Act of 1950 to require national security reviews by the Committee on Foreign Investment to take into account whether the merger, acquisition, or takeover could expose the personally identifiable information of U.S. persons in a manner that threatens national security.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4337 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 4337

    To amend the Defense Production Act of 1950 to require national 
security reviews carried out by the Committee on Foreign Investment in 
the United States to take into account the potential effects of covered 
          transactions on personally identifiable information.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 9, 2017

Mr. Royce of California (for himself and Mrs. Carolyn B. Maloney of New 
    York) introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committees on 
     Foreign Affairs, and Energy and Commerce, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
    To amend the Defense Production Act of 1950 to require national 
security reviews carried out by the Committee on Foreign Investment in 
the United States to take into account the potential effects of covered 
          transactions on personally identifiable information.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Safeguarding American Personal 
Information and Investment Act'' or the ``Safeguarding American PII 
Act''.

SEC. 2. FACTORING THE IMPACT OF FOREIGN TRANSACTIONS ON PERSONALLY 
              IDENTIFIABLE INFORMATION IN CFIUS NATIONAL SECURITY 
              REVIEWS.

    Section 721 of the Defense Production Act of 1950 (50 U.S.C. 4565) 
is amended--
            (1) in subsection (a), by adding at the end the following:
            ``(9) Personally identifiable information.--The term 
        `personally identifiable information' means data in a form that 
        identifies a particular individual, either alone or when 
        combined with other personal or identifying information that is 
        linked or linkable to a specific individual.''; and
            (2) in subsection (f)--
                    (A) in paragraph (10), by striking ``and'' at the 
                end;
                    (B) by redesignating paragraph (11) as paragraph 
                (12); and
                    (C) by inserting after paragraph (10) the following 
                new paragraph:
            ``(11) whether the covered transaction could expose the 
        personally identifiable information of United States persons in 
        a manner that threatens national security; and''.
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