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CFIUS State's Right to Know Act of 2024
2/22/2024, 4:45 AM
Summary of Bill S 3783
Bill 118 s 3783, also known as the CFIUS State's Right to Know Act of 2024, is a piece of legislation introduced in the US Congress. The purpose of this bill is to enhance transparency and communication between the Committee on Foreign Investment in the United States (CFIUS) and state governments.
The bill requires CFIUS to provide regular updates and reports to state governors and relevant state agencies regarding foreign investments in their states that are subject to CFIUS review. This information includes details on the nature of the investment, the parties involved, and any potential national security implications.
Additionally, the bill mandates that CFIUS consult with state governments when reviewing foreign investments that may impact state interests or infrastructure. This collaboration aims to ensure that state governments have a voice in the CFIUS review process and can provide input on potential national security risks. Overall, the CFIUS State's Right to Know Act of 2024 seeks to strengthen the relationship between CFIUS and state governments, promoting greater transparency and cooperation in the review of foreign investments with potential national security implications.
The bill requires CFIUS to provide regular updates and reports to state governors and relevant state agencies regarding foreign investments in their states that are subject to CFIUS review. This information includes details on the nature of the investment, the parties involved, and any potential national security implications.
Additionally, the bill mandates that CFIUS consult with state governments when reviewing foreign investments that may impact state interests or infrastructure. This collaboration aims to ensure that state governments have a voice in the CFIUS review process and can provide input on potential national security risks. Overall, the CFIUS State's Right to Know Act of 2024 seeks to strengthen the relationship between CFIUS and state governments, promoting greater transparency and cooperation in the review of foreign investments with potential national security implications.
Read the Full Bill
Current Status of Bill S 3783
Bill S 3783 is currently in the status of Bill Introduced since February 8, 2024. Bill S 3783 was introduced during Congress 118 and was introduced to the Senate on February 8, 2024. Bill S 3783's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of February 8, 2024
Bipartisan Support of Bill S 3783
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3783
Primary Policy Focus
Alternate Title(s) of Bill S 3783
CFIUS State's Right to Know Act of 2024
CFIUS State's Right to Know Act of 2024
A bill to require the Committee on Foreign Investment in the United States to respond to the Governor of a State who requests a determination with respect to whether a transaction would trigger a review by the Committee.
Comments
Sponsors and Cosponsors of S 3783
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