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However, many critics believe the CFIUS has become out of date after failing to be updated for many years — in a way that could inadvertently harm …
Sponsor and status
Robert Pittenger
Sponsor. Representative for North Carolina's 9th congressional district. Republican.
115th Congress (2017–2019)
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).
1 Cosponsor (1 Republican)
History
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.
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“H.R. 5841 — 115th Congress: Foreign Investment Risk Review Modernization Act of 2018.” www.GovTrack.us. 2018. September 27, 2023 <https://www.govtrack.us/congress/bills/115/hr5841>
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