Safeguarding American PII Act

Bill: 115-hr-4337
Sponsor: full_name: Rep. Royce, Edward R. [R-CA-39]
Introduced: 2017-11-09
Policy area: Foreign Trade and International Finance
Subjects: Corporate finance and management

Foreign and international corporations

Government studies and investigations

Right of privacy

U.S. and foreign investments
Latest action: action_date: 2017-11-10
text: Referred to the Subcommittee on Digital Commerce and Consumer Protection.

Summaries:
action_date: 2017-11-09
action_desc: Introduced in House
text: <p><b>Safeguarding American Personal Information and Investment Act or the Safeguarding American PII Act</b></p> <p>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.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4337 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.

1. Short title This Act may be cited as the Safeguarding American Personal Information and Investment Act or the Safeguarding American PII Act . 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 .