VoterlyH.R. 5841: Foreign Investment Risk Review Modernization Act of 2018
115th Congress · Sponsored from North Carolina · In progress
What this bill does
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.
Key facts
- Status In progress
- Introduced 2018-05-16
- Policy area Foreign Trade and International Finance
- Cosponsors 1
- Latest action Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 492.
Sponsor
Who funds the sponsor?
Rep. Pittenger, Robert [R-NC-9] introduced H.R. 5841. On Voterly you can see their top campaign donors from public Federal Election Commission records — individuals, PACs, and industry groups (follow the money) — and compare that with how they vote.
See Rep. Pittenger, Robert [R-NC-9]'s donors & voting record →
Campaign donations show who helps fund the sponsor's election; they are not the same as who drafted or lobbied for the bill text. Lobbying disclosures are separate public records.
Take a position & compare alignment
Agree or disagree with H.R. 5841? Go to the homepage to record your view and compare your stance with how your representatives vote. See Rep. Pittenger, Robert [R-NC-9]'s profile to vote on their bills and check your alignment % with the sponsor.
Read the official text on Congress.gov →
Frequently asked questions
What does H.R. 5841 do?
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 definitio…
Who sponsored H.R. 5841?
Rep. Pittenger, Robert [R-NC-9] (R) of North Carolina is the lead sponsor.
How do I find out who funds or lobbies for H.R. 5841?
Campaign-finance records (Federal Election Commission) show who funds the bill's sponsor. Separately, federal lobbying disclosures filed under the Lobbying Disclosure Act list the companies and lobbyists who reported lobbying on specific bills. Voterly links the sponsor's donors; lobbying records are public at the U.S. Senate and House lobbying databases.
Is H.R. 5841 now law?
Not yet. The current status is "In progress." See the latest action above for details.