CFIUS State's Right to Know Act of 2024

Bill: 118-s-3783
Sponsor: full_name: Sen. Cramer, Kevin [R-ND]
Introduced: 2024-02-08
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2024-02-08
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 3783 IN THE SENATE OF THE UNITED STATES February 8 (legislative day, February 7), 2024 Mr. Cramer 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 respond to the Governor of a State who requests a determination with respect to whether a transaction would trigger a review by the Committee.

1. Short title This Act may be cited as the CFIUS State's Right to Know Act of 2024 . 2. Requests from Governors to Committee on Foreign Investment in the United States relating to transactions Section 721(b) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(b) ) is amended by adding at the end the following: (9) Requests from governors If the Governor of a State submits to the Committee a request with respect to whether a transaction is a covered transaction, the Committee shall, not later than 30 days after receiving the request— (A) determine if the transaction is a covered transaction; and (B) inform the Governor of the determination. .