Foreign Investment Risk Review Modernization Act of 2018

Bill: 115-hr-5841
Sponsor: Rep. Pittenger, Robert [R-NC-9]
Introduced: 2018-05-16 in the House
Policy area: Foreign Trade and International Finance
Subjects: Administrative law and regulatory procedures
Alliances
Arms control and nonproliferation
Bank accounts, deposits, capital
Banking and financial institutions regulation
Chemical and biological weapons
Competitiveness, trade promotion, trade deficits
Computer security and identity theft
Congressional oversight
Corporate finance and management
Department of Commerce
Department of the Treasury
Europe
Executive agency funding and structure
Federal officials
Federal preemption
Foreign aid and international relief
Foreign and international corporations
Government studies and investigations
Human rights
Infrastructure development
Intelligence activities, surveillance, classified information
International organizations and cooperation
Licensing and registrations
Military assistance, sales, and agreements
Military operations and strategy
Nuclear weapons
Presidents and presidential powers, Vice Presidents
Public contracts and procurement
Racial and ethnic relations
Sanctions
State and local government operations
Technology transfer and commercialization
Terrorism
Trade restrictions
U.S. and foreign investments
War and emergency powers

Summary:
action_date: 2018-05-16
text: 

Foreign Investment Risk Review Modernization Act of 2018 

 
This bill amends the Defense Production Act of 1950 to revise the Committee on Foreign Investment in the United States' (CFIUS's) authority to review the national security implications of foreign investments. The definition of a &quot;covered transaction&quot; subject to CFIUS review is amended to include certain real estate transactions, sensitive transactions involving countries of special concern, and asset transfers pursuant to bankruptcy proceedings. Other topics revised by this bill include mitigation agreements, required CFIUS review factors, and CFIUS funding and resources.
 
The bill delays to 2021 the National Credit Union Administration rule titled &quot;Risk-Based Capital&quot; published on October 29, 2015. 
 

Export Control Reform Act of 2018 

 

Export Controls Act of 2018 

 
The bill grants the President authority to control and regulate: (1) the export, reexport, and transfer of commodities, software, or technology; and (2) activities relating to specific nuclear, chemical, biological, or other weapons and related projects, and foreign intelligence services. The President must establish an interagency process to identify emerging technologies essential to national security. 
 

Anti-Boycott Act of 2018 

 
The President must issue regulations prohibiting specified actions with respect to foreign boycotts against a country friendly to the United States.
 
The President must impose sanctions regarding the export, the transfer, or efforts by a foreign country to use or acquire specified weapons technology.


Legislative actions:
action_date: 2018-06-27
text: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 492.
action_date: 2018-06-26
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2018-06-26
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 2 (Roll no. 295). (text: CR H5674-5690)
action_date: 2018-06-26
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 2 (Roll no. 295).(text: CR H5674-5690)
action_date: 2018-06-26
text: Considered as unfinished business. (consideration: CR H5705-5706)
action_date: 2018-06-26
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2018-06-26
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5841.
action_date: 2018-06-26
text: Considered under suspension of the rules. (consideration: CR H5674-5696)
action_date: 2018-06-26
text: Mr. Royce (CA) moved to suspend the rules and pass the bill, as amended.
action_date: 2018-06-26
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-784, Part I.
action_date: 2018-06-26
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-784, Part I.
action_date: 2018-05-22
text: Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 0.
action_date: 2018-05-22
text: Committee Consideration and Mark-up Session Held.
action_date: 2018-05-18
text: Referred to the Subcommittee on Digital Commerce and Consumer Protection.
action_date: 2018-05-16
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Energy and Commerce, Intelligence (Permanent Select), and Oversight and Government Reform, 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.
action_date: 2018-05-16
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Energy and Commerce, Intelligence (Permanent Select), and Oversight and Government Reform, 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.
action_date: 2018-05-16
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Energy and Commerce, Intelligence (Permanent Select), and Oversight and Government Reform, 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.
action_date: 2018-05-16
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Energy and Commerce, Intelligence (Permanent Select), and Oversight and Government Reform, 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.
action_date: 2018-05-16
text: Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Energy and Commerce, Intelligence (Permanent Select), and Oversight and Government Reform, 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.
action_date: 2018-05-16
text: Introduced in House
action_date: 2018-05-16
text: Introduced in House