CFIUS State's Right to Know Act of 2024

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.