A bill to require the Committee on Foreign Investment in the United States to annually review, update, and report on 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.

Bill: 119-s-2116
Sponsor: full_name: Sen. Scott, Tim [R-SC]
Introduced: 2025-06-18
Policy area: Foreign Trade and International Finance
Latest action: action_date: 2025-06-18
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:

tv_txt: II 119th CONGRESS 1st Session S. 2116 IN THE SENATE OF THE UNITED STATES June 18, 2025 Mr. Scott of South Carolina (for himself, Mr. Crapo , Mr. Rounds , Mr. Tillis , Mr. Kennedy , Mr. Hagerty , Mrs. Britt , Mr. Ricketts , Mr. Cramer , Mr. Moreno , Mr. Banks , and Mr. McCormick ) 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, update, and report on 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.

1. Review of and reporting on national security sensitive sites for purposes of reviews of real estate transactions by the Committee on Foreign Investment in the United States (a) List of national security sensitive sites 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) List of sites For purposes of subparagraph (B)(ii), the Committee may prescribe through regulations a list of facilities and property of the United States Government that are sensitive for reasons relating to national security. Such list may include certain 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 )). . (b) Review and reports Section 721(m) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(m)(2) ) is amended— (1) in paragraph (2), by adding at the end the following: (L) A list of all notices and declarations filed and all reviews or investigations of covered transactions completed during the period relating to facilities and property of the United States Government determined to be sensitive for reasons relating to national security for purposes of subsection (a)(4)(B)(ii). (M) A certification that the list of sites identified under subsection (a)(4)(C)(iii) reflects consideration of the recommended updates and revisions submitted under paragraph (4)(B). Upon request from any Member of Congress specified in subsection (b)(3)(C)(iii), the chairperson shall provide a classified briefing to that Member, and staff of the member with appropriate security clearances, regarding the list of sites identified under subsection (a)(4)(C)(iii). ; (2) by redesignating paragraph (4) as paragraph (5); and (3) by inserting after paragraph (3) the following: (4) Annual review of list of facilities and property Not later than January 31 of each year, each member of the Committee shall— (A) review the facilities and property of the agency represented by that member that are on the list prescribed under subparagraph (C)(iii) of subsection (a)(4) of facilities and property that are sensitive for reasons relating to national security for purposes of subparagraph (B)(ii) of that subsection; and (B) submit to the chairperson a report on that review, after approval of the report by an Assistant Secretary or equivalent official of the agency, which shall include any recommended updates or revisions to the list regarding facilities and property administered by the member of the Committee. .