Legislation4 days ago
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To authorize implementation grants to community-based nonprofits to operate one-stop reentry centers.
HR8548Rep. Kamlager-Dove, Sydney [D-CA-37] (D-CA)
introduced
HR8258119th CongressWALLET
Strategic Assets Protection Act
Sponsored By: Representative Rep. Alford, Mark [R-MO-4]
Introduced
Summary
Protect U.S. nuclear sites from risky transactions. This bill would direct the Committee on Foreign Investment in the United States to review all transactions completed on or after January 1, 2017 that involve real estate, businesses, critical infrastructure, or assets located within, adjacent to, or functionally supporting facilities that host, maintain, modernize, test, command, or control components of the U.S. nuclear triad.
Show full summary
- Communities near nuclear facilities: Residents and local projects near intercontinental ballistic missile fields, ballistic missile submarine bases and shipyards, strategic bomber bases, weapons storage areas, and National Nuclear Security Administration production or research facilities would face added federal review of nearby property and business transactions.
- Foreign buyers and sellers: Transactions tied to foreign parties would be reassessed for national security risk and could prompt mitigation measures, reopening of prior reviews, or a recommendation to the President for action under section 721(d) of the Defense Production Act of 1950.
- Treasury and Congress oversight: The Secretary of the Treasury must submit a classified report to the House and Senate Appropriations and Armed Services Committees within 180 days, with an unclassified summary to the extent practicable.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Stronger reviews of investments near nuclear sites
This bill would require the Committee on Foreign Investment in the United States (CFIUS) to review transactions completed on or after January 1, 2017 that involve real estate, businesses, critical infrastructure, or other assets located within, adjacent to, or supporting U.S. nuclear-triad facilities. Covered facilities would include intercontinental ballistic missile sites, ballistic missile submarine bases and shipyards, strategic bomber bases, weapons storage areas, nuclear command-and-control systems, and NNSA production or research sites. The review would assess whether a transaction poses a national security risk and whether mitigation, reopening of review, or a recommendation to the President under section 721(d) of the Defense Production Act of 1950 is warranted. The Secretary of the Treasury would have to send a classified report to the House and Senate Appropriations and Armed Services Committees within 180 days of enactment, with an unclassified summary as practicable.
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Sponsors & CoSponsors
Sponsor
Rep. Alford, Mark [R-MO-4]
MO • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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