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H.R. 5841: Foreign Investment Risk Review Modernization Act of 2018

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H.R. 5841: Foreign Investment Risk Review Modernization Act of 2018

115th Congress · introduced 2018-05-16 · Foreign Trade and International Finance · Latest: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 492.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2018-05-16 · official record
  2. Who proposed it: Rep. Pittenger, Robert [R-NC-9] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 295 (2018): On Motion to Suspend the Rules and Pass, as Amended, HR5841 (2018-06-26), Passed. See all
  4. Where it stands now: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 492. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Foreign Investment Risk Review Modernization Act of 2018

Plain 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Foreign Investment Risk Review Modernization Act of 2018

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Pittenger, Robert [R-NC-9] · 1 cosponsors

Cost estimate: CBO cost estimate: H.R. 5841, Foreign Investment Risk Review Modernization Act of 2018 (2018-09-05)

Cosponsors on this site

Recorded votes

Words on this page, explained (3)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities
Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr5841 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115