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S. 2098 (115th): Foreign Investment Risk Review Modernization Act of 2018

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 ...

Sponsor and status

John Cornyn

Sponsor. Senior Senator for Texas. Republican.

Read Text »
Last Updated: May 22, 2018
Length: 196 pages
Introduced:

Nov 8, 2017
115th Congress, 2017–2019

Status:
Died in a previous Congress

This bill was introduced on May 22, 2018, in a previous session of Congress, but was not enacted.

What stakeholders are saying

Institute for Spending Reform: SpendingTracker.org estimates S. 2098 will add $100 million in new spending through 2023.

History

Nov 8, 2017
 
Introduced

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

Jan 25, 2018
 
Considered by Senate Committee on Banking, Housing, and Urban Affairs

A committee held a hearing or business meeting about the bill.

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.

S. 2098 (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.

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

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 2098 — 115th Congress: Foreign Investment Risk Review Modernization Act of 2018.” www.GovTrack.us. 2017. January 20, 2019 <https://www.govtrack.us/congress/bills/115/s2098>

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.