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H.R. 5841 (115th): Foreign Investment Risk Review Modernization Act of 2018

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About the bill

Since 1975, the Committee on Foreign Investment in the United States (CFIUS) has been tasked with ensuring that America’s foreign investments don’t harm its national security. An interagency committee, it’s led by the Treasury Secretary.

Although it’s only able to produce recommendations to the president instead of issuing its own policies, presidents of both parties through the decades have often heeded its calls. President Trump blocked a Chinese company’s attempted purchase of an Oregon-based semiconductor company in 2017, and also blocked a Singapore company’s attempted purchase of a California-based telecommunications equipment company in March — both after the CFIUS recommended he do so.

However, many critics believe the CFIUS has become out of date after failing to be updated for many years — in a way ...

Sponsor and status

Robert Pittenger

Sponsor. Representative for North Carolina's 9th congressional district. Republican.

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Last Updated: Jun 27, 2018
Length: 164 pages
Introduced
May 16, 2018
115th Congress (2017–2019)
Status
Died in a previous Congress

This bill was introduced in a previous session of Congress and was passed by the House on June 26, 2018 but was never passed by the Senate.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

Cosponsors

1 Cosponsor (1 Republican)

Source

Position statements

What legislators are saying

House Passes Pittenger's Landmark Bill
    — Rep. Robert Pittenger [R-NC9, 2013-2018] (Sponsor) on Jun 26, 2018

THIS WEEK IN CONGRESS - June 29, 2018
    — Rep. Gregorio Sablan [D-MP0] on Jul 2, 2018

House to Vote on Expansion of CFIUS Powers, Including Power Grid
    — Rep. Denny Heck [D-WA10, 2013-2020] on Jun 26, 2018

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates new spending due to H.R. 5841 will be negligible.

History

May 16, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

May 22, 2018
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jun 26, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Jun 26, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

H.R. 5841 (115th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 5841. This is the one from the 115th Congress.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

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“H.R. 5841 — 115th Congress: Foreign Investment Risk Review Modernization Act of 2018.” www.GovTrack.us. 2018. September 19, 2021 <https://www.govtrack.us/congress/bills/115/hr5841>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.