PROTECT Act of 2025

Hozzl · 2025-04-25T03:23:19Z

Explore the details of Senate Bill 1388 PROTECT Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/25/2025, 3:23 AM

Summary of Bill S 1388

The PROTECT Act of 2025, introduced in the 119th Congress as S. 1388 on April 9, 2025, aims to address an issue related to protection. The bill's specific provisions and directives are not detailed in the provided context. For more information, the full text of the bill, summaries, findings, and section headers can be accessed through the official PDF version available at https://www.congress.gov/119/bills/s1388/BILLS-119s1388is.pdf.

Congressional Summary of S 1388

Providing Rigorous Oversight Through Evaluation of Concerning Transactions Act of 2025 or the PROTECT Act of 2025

This bill requires the Committee on Foreign Investment in the United States (CFIUS) to review certain real estate investments made by a foreign country of concern in the United States. The bill defines foreign country of concern as China, North Korea, Russia, Iran, or any other country determined to be a country of concern by the Department of State.

Specifically, CFIUS must review any investment by a foreign person that (1) involves the acquisition of real estate in the United States and the establishment of a U.S. business on such real estate, and (2) could result in direct or indirect control of that U.S. business by a foreign country of concern. A party to any such investment must submit to CFIUS a declaration containing basic information regarding the transaction.

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Current Status of Bill S 1388

Bill S 1388 is currently in the status of Bill Introduced since April 9, 2025. Bill S 1388 was introduced during Congress 119 and was introduced to the Senate on April 9, 2025. Bill S 1388's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of April 9, 2025

Bipartisan Support of Bill S 1388

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Policy Area and Potential Impact of Bill S 1388

Primary Policy Focus

Alternate Title(s) of Bill S 1388

A bill to require the review by the Committee on Foreign Investment in the United States of greenfield and brownfield investments by foreign countries of concern.