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However, many critics believe the CFIUS has become out of date after failing to be updated for many years — in a way that could inadvertently harm …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
115th Congress (2017–2019)
This bill was introduced on May 22, 2018, in a previous session of Congress, but it did not receive a vote.
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).
12 Cosponsors (7 Republicans, 5 Democrats)
Position statements
What legislators are saying
“As China Retaliates, Rubio Urges Administration to Seize Opportunities to Protect American Workers, Boost Competitiveness”
—
Sen. Marco Rubio [R-FL]
(Co-sponsor)
on Apr 3, 2018
“Manchin Outlines West Virginia Priorities for Recently Announced August Session”
—
Sen. Joe Manchin [D-WV]
(Co-sponsor)
on Jun 6, 2018
“The Current Status Of Reforms To The Foreign Investment Review Process”
—
Rep. Denny Heck [D-WA10, 2013-2020]
on May 25, 2018
More statements at ProPublica Represent...
What stakeholders are saying
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.
Bills numbers restart every two years. That means there are other bills with the number S. 2098. 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.
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. March 21, 2023 <https://www.govtrack.us/congress/bills/115/s2098>
- show another citation format:
- APA
- Blue Book
- Wikipedia Template
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.
