Protecting Sensitive Personal Data Act of 2023

Bill: 118-s-2947
Sponsor: full_name: Sen. Rubio, Marco [R-FL]
Introduced: 2023-09-27
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2023-09-27
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2023-09-27
action_desc: Introduced in Senate
text: <p><strong>Protecting Sensitive Personal Data Act of </strong><b>2023</b></p> <p>This bill expands the covered transactions that are subject to the review of the Committee on Foreign Investment in the United States (CFIUS), which analyzes the national security implications of foreign investment in the United States. Specifically, CFIUS may require declarations for foreign investments in U.S. businesses that maintain or collect sensitive personal data of U.S. citizens that may be exploited to threaten national security.</p>

tv_txt: II 118th CONGRESS 1st Session S. 2947 IN THE SENATE OF THE UNITED STATES September 27 (legislative day, September 22), 2023 Mr. Rubio (for himself and Mr. Warnock ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To expand the transactions for which declarations may be required by the Committee on Foreign Investment in the United States to include investments in United States businesses that maintain or collect sensitive personal data.

1. Short title This Act may be cited as the Protecting Sensitive Personal Data Act of 2023 . 2. Expansion of declarations required by the Committee on Foreign Investment in the United States Section 721(b)(1)(C)(v)(IV)(cc) of the Defense Production Act of 1950 (50 U.S.C. 4565(b)(1)(C)(v)(IV)(cc)) is amended by striking subsection (a)(4)(B)(iii)(II) and inserting subclause (II) or (III) of subsection (a)(4)(B)(iii) .