Protect Our Bases Act of 2023

Bill: 118-s-3077
Sponsor: full_name: Sen. Scott, Tim [R-SC]
Introduced: 2023-10-18
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2023-10-18
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2023-10-18
action_desc: Introduced in Senate
text: <p><strong>Protect Our Bases Act of 2023</strong></p><p>This bill&nbsp;revises the authority of the Committee on Foreign Investment in the United States (CFIUS) to review the national security implications of foreign real estate transactions.&nbsp;</p><p>Specifically, the bill allows CFIUS to prescribe regulations for treating facilities and properties of the intelligence community and national laboratories as sensitive sites for national security purposes.</p><p>Additionally, CFIUS must annually submit a classified report to Congress on the activities of CFIUS relating to federal facilities and property that are determined to be sensitive for national security purposes.&nbsp;</p><p>The bill also requires each member of&nbsp;CFIUS (i.e., each federal agency that is a member of CFIUS, such as the Department of Defense and the Department of Energy) to&nbsp;annually review the list of military installations and other U.S. government sites that are sensitive for national security purposes. (This list in the Code of Federal Regulations identifies the military installations around which certain real estate transactions are covered under the jurisdiction of CFIUS.) CFIUS must then submit an annual report to Congress certifying the completion of such review and information related to the list's accuracy.</p>

tv_txt: II 118th CONGRESS 1st Session S. 3077 IN THE SENATE OF THE UNITED STATES October 18, 2023 Mr. Scott of South Carolina (for himself, Mr. Rounds , Mrs. Britt , Mr. Hagerty , Mr. Daines , and Mr. Crapo ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To require the Committee on Foreign Investment in the United States to annually review and update the facilities and property of the United States Government determined to be national security sensitive for purposes of review of real estate transactions under section 721 of the Defense Production Act of 1950, and for other purposes.

1. Short title This Act may be cited as the Protect Our Bases Act of 2023 . 2. Review of and additions to national security sensitive sites for purposes of reviews of real estate transactions by the Committee on Foreign Investment in the United States Section 721(a)(4)(C) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(a)(4)(C) ) is amended by adding at the end the following: (iii) Inclusion of intelligence community sites and National Laboratories The Committee may prescribe regulations for treating facilities and property of the intelligence community and National Laboratories (as defined in section 2 of the Energy Policy Act of 2005 ( 42 U.S.C. 15801 )) as facilities and property of the United States Government that are sensitive for reasons relating to national security for purposes of subparagraph (B)(ii). (iv) Annual report on activities Not later than one year after the date of the enactment of the Protect Our Bases Act of 2023 , and annually thereafter, the chairperson shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a classified report on the activities of the Committee relating to facilities and property of the United States Government determined to be sensitive for reasons relating to national security for purposes of subparagraph (B)(ii). (v) Annual review of list of facilities and property Not later than one year after the date of the enactment of the Protect Our Bases Act of 2023 , and annually thereafter— (I) each member of the Committee shall— (aa) review the military installations and other facilities and property of the United States Government that are sensitive for reasons relating to national security on the list set forth in Appendix A to part 802 of title 31, Code of Federal Regulations; and (bb) submit to the chairperson a report on that review; and (II) after reviewing the reports submitted under subclause (I), the chairperson shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a certification with respect to whether or not the list described in subclause (I)(aa) is up to date and, if not, an explanation of why not. .