House Bill 5841
115th Congress(2017-2018)
Foreign Investment Risk Review Modernization Act of 2018
Active
Active
Passed House on Jun 26, 2018
Overview
Text
Introduced
May 16, 2018
Latest Action
Jun 27, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5841
Congress
115
Policy Area
Foreign Trade and International Finance
Foreign Trade and International Finance
Primary focus of measure is competitiveness, trade barriers and adjustment assistance; foreign loans and international monetary system; international banking; trade agreements and negotiations; customs enforcement, tariffs, and trade restrictions; foreign investment. Measures concerning border enforcement may fall under Immigration policy area.
Sponsorship by Party
North Carolina
California
House Votes (2)
Senate Votes (0)
Passed
June 26, 2018
Type
Final Passage Under Suspension Of The Rules Results
House Roll Call Votes
Summary

Foreign Investment Risk Review Modernization Act of 2018

This bill amends the Defense Production Act of 1950 to revise the Committee on Foreign Investment in the United States' (CFIUS's) authority to review the national security implications of foreign investments. The definition of a "covered transaction" subject to CFIUS review is amended to include certain real estate transactions, sensitive transactions involving countries of special concern, and asset transfers pursuant to bankruptcy proceedings. Other topics revised by this bill include mitigation agreements, required CFIUS review factors, and CFIUS funding and resources.

The bill delays to 2021 the National Credit Union Administration rule titled "Risk-Based Capital" published on October 29, 2015.

Export Control Reform Act of 2018

Export Controls Act of 2018

The bill grants the President authority to control and regulate: (1) the export, reexport, and transfer of commodities, software, or technology; and (2) activities relating to specific nuclear, chemical, biological, or other weapons and related projects, and foreign intelligence services. The President must establish an interagency process to identify emerging technologies essential to national security.

Anti-Boycott Act of 2018

The President must issue regulations prohibiting specified actions with respect to foreign boycotts against a country friendly to the United States.

The President must impose sanctions regarding the export, the transfer, or efforts by a foreign country to use or acquire specified weapons technology.

Text (3)
Actions (15)
06/27/2018
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 492.
06/26/2018
Motion to reconsider laid on the table Agreed to without objection.
06/26/2018
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 2 (Roll no. 295). (text: CR H5674-5690)
06/26/2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 400 - 2 (Roll no. 295).(text: CR H5674-5690)
06/26/2018
Considered as unfinished business. (consideration: CR H5705-5706)
06/26/2018
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
06/26/2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 5841.
06/26/2018
Considered under suspension of the rules. (consideration: CR H5674-5696)
06/26/2018
Mr. Royce (CA) moved to suspend the rules and pass the bill, as amended.
06/26/2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-784, Part I.
05/22/2018
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 0.
05/22/2018
Committee Consideration and Mark-up Session Held.
05/18/2018
Referred to the Subcommittee on Digital Commerce and Consumer Protection.
05/16/2018
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Financial Services, Energy and Commerce, Intelligence (Permanent Select), and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
05/16/2018
Introduced in House
Public Record
Record Created
May 17, 2018 7:10:51 AM
Record Updated
Mar 2, 2022 5:11:48 AM