A bill to modify the definition of critical technologies for purposes of reviews by the Committee on Foreign Investment in the United States.

Bill: 116-s-4485
Sponsor: full_name: Sen. Tillis, Thomas [R-NC]
Introduced: 2020-08-06
Policy area: Foreign Trade and International Finance
Subjects: Corporate finance and management

Foreign and international corporations

Government studies and investigations

Technology transfer and commercialization

U.S. and foreign investments
Latest action: action_date: 2020-08-06
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2020-08-06
action_desc: Introduced in Senate
text: <p>This bill modifies the definition of <i>critical technologies</i> for the purpose of national security reviews and investigations by the Committee on Foreign Investment in the United States to include emerging and foundational technologies identified as essential to U.S. national security.</p>

tv_txt: II 116th CONGRESS 2d Session S. 4485 IN THE SENATE OF THE UNITED STATES August 6, 2020 Mr. Tillis (for himself, Mr. Cornyn , and Mr. Rubio ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To modify the definition of critical technologies for purposes of reviews by the Committee on Foreign Investment in the United States.

1. Definition of critical technologies for purposes of reviews by the Committee on Foreign Investment in the United States Section 721(a)(6)(A)(vi) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(a)(6)(A)(vi) ) is amended— (1) by striking technologies controlled and inserting the following: “technologies— (I) controlled ; (2) by striking the period at the end and inserting ; or ; and (3) by adding at the end the following: (II) identified by the chairperson and one other member of the Committee as essential to the national security of the United States. .