119th Congress Foreign Trade and International Finance
S. 1388: PROTECT Act of 2025
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Elissa Slotkin D-MIOriginal
- Tim Sheehy R-MTOriginal
Who scored on this bill
- 1Bernie Moreno SponsorDrew cross-party cosponsors, introduced2 events+6
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Other bills by Bernie Moreno
History
- Introduced in the Senate by Bernie Moreno.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.