What does Preamble of PROTECT Act of 2025 do?

This bill requires the Committee on Foreign Investment in the United States (CFIUS) to review greenfield and brownfield investments by foreign countries of concern.

What does SHORT TITLE. of PROTECT Act of 2025 do?

This bill is formally titled the Providing Rigorous Oversight Through Evaluation of Concerning Transactions Act of 2025.

What does REVIEW BY COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES of PROTECT Act of 2025 do?

This section amends Section 721(a)(4) of the Defense Production Act of 1950 to expand the definition of a 'covered transaction'. The amendment adds a new subparagraph (B)(vi) to define covered transactions as investments by foreign persons involving the purchase or lease of real estate and the establishment of a U.S. business that could result in control by a foreign country of concern. The definition of control includes various scenarios such as government ownership, control through formal or informal arrangements, and appointment or approval of governing body members. The amendment also modifies references to subparagraph (B)(ii) in subparagraph (C)(i) and expands the list of clauses considered in subparagraph (E). Section 721(b)(1)(C)(v)(IV)(bb) of the Defense Production Act of 1950 is amended to require the filing of declarations for covered transactions described in subsection (a)(4)(B)(vi), specifically greenfield and brownfield investments by foreign countries of concern.

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PROTECT Act of 2025

Last updated: 4/9/2025 · Introduced: 4/9/2025

Author: Bernie Moreno (R-OH)

TL;DR (AI)

The bill expands the types of transactions reviewed by the Committee on Foreign Investment in the United States (CFIUS) to include real estate investments and the establishment of U.S. businesses by foreign countries of concern.
It requires foreign persons investing in U.S. real estate and establishing businesses that could be controlled by foreign countries of concern to file declarations with CFIUS.
The bill broadens the definition of 'control' to encompass various scenarios, including government ownership and informal arrangements.

119th Congressin committeeHR. 4978(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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