To amend the Defense Production Act of 1950 to allow an Indian Tribe to request CFIUS review of certain transactions between the Indian Tribe and foreign persons, and for other purposes.

Bill: 118-hr-7500
Sponsor: full_name: Rep. Luetkemeyer, Blaine [R-MO-3]
Introduced: 2024-02-29
Policy area: Native Americans
Latest action: action_date: 2024-02-29
text: Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, 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.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 7500 IN THE HOUSE OF REPRESENTATIVES February 29, 2024 Mr. Luetkemeyer (for himself and Mrs. Peltola ) introduced the following bill; which was referred to the Committee on Financial Services , and in addition to the Committees on Energy and Commerce , and Foreign Affairs , 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 allow an Indian Tribe to request CFIUS review of certain transactions between the Indian Tribe and foreign persons, and for other purposes.

1. Requests by Indian Tribes for CFIUS review Section 721(a)(4) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(a)(4) ) is amended by adding at the end the following: (G) Requests by Indian Tribes for review of transactions Upon the written request of an Indian Tribe (as defined in section 4(e) of the Indian Self-Determination and Education Assistance Act, ( 25 U.S.C. 5304(e) )) with respect to a transaction between such Indian Tribe and a foreign person (other than an Indian Tribe), this section shall apply— (i) to such transaction in the same manner as this section applies to a covered transaction; and (ii) to the business or real estate that is the subject of such transaction in the same manner as this section applies to a United States business or real estate located in the United States. .