# 119-s-3555: Comprehensive Outbound Investment National Security Act of 2025 119-s-3555, Comprehensive Outbound Investment National Security Act of 2025, is a 119th Congress bill sponsored by Sen. Cornyn, John [R-TX] (R-TX); status introduced; PRIA reads it as touching household money (as of 2026-09-30). - Canonical: https://policyrisk.com/legislation/119-s-3555 - As of: 2026-09-30 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: 119-s-3555 - Congress: 119 - Title: Comprehensive Outbound Investment National Security Act of 2025 - Status: introduced - Introduced: 2025-12-17 - Sponsor: Sen. Cornyn, John [R-TX] (R-TX) - Cosponsors: 4 - Policy area: International Affairs - Touches household money: yes - Last recorded action: 2026-09-30 ## Summary **This bill would create a statutory framework to constrain outbound U.S. investments in countries of concern.** It pairs new sanctions and divestment powers with a mandatory notification regime for sensitive technologies, requires interagency and allied coordination, and builds a public database and reporting streams. - U.S. investors and companies would face prohibitions on covered national security transactions involving designated "prohibited" technologies and must submit written notifications within 30 days after transaction completion. Enforcement rules include notice-and-cure procedures and place the burden of proof on the Secretary in enforcement actions. - Federal agencies would administer the regime with Treasury as the lead department, supported by the Department of Commerce. The bill authorizes $150 million for Treasury for each of the first two fiscal years and allows hiring up to 15 staff in Treasury and Commerce to carry out implementation, plus recurring reports and annual testimony to Congress. - Technology and defense sectors are targeted directly. The act names semiconductors, artificial intelligence, quantum information, high-performance computing, and hypersonics as covered categories and pushes multilateral information sharing, allied capacity building, and a petitionable public database of covered foreign persons. *Authorizes $150 million per year for Treasury for the first two fiscal years and hiring authority, increasing near-term federal spending.* ## Cosponsors (4) - Sen. Cortez Masto, Catherine [D-NV] (D-NV), 2025-12-17T00:00:00.000Z - Sen. Scott, Tim [R-SC] (R-SC), 2025-12-17T00:00:00.000Z - Sen. Warren, Elizabeth [D-MA] (D-MA), 2025-12-17T00:00:00.000Z - Sen. Sullivan, Dan [R-AK] (R-AK), 2025-12-17T00:00:00.000Z ## Provisions PRIA read - Treasury funding for outreach and admin: benefit, medium. If enacted, the bill would authorize $150,000,000 to the Department of the Treasury for each of the first two fiscal years after enactment. Those amounts could be transferred to the Department of Commerce. The funds would pay for joint outreach to industry and for administration of the Act and any… - Fast hiring for program staff: benefit, low. If enacted, the President could directly appoint up to 15 people to competitive‑service jobs to run this program. The Treasury and Commerce Secretaries could also make direct competitive‑service appointments to implement the Act. These hiring authorities would start at enactment and last while the… - Sanctions exclude imports of goods: benefit, low. If enacted, authorities under this Act could not be used to sanction the importation of goods. The bill defines "goods" to include products, materials, supplies, and manufactured items, but it would not include technical data. This change would reduce the risk that importers and traders face sancti… - New limits and penalties for foreign investments: cost, medium. If enacted, U.S. persons who complete covered transactions in prohibited or notifiable technologies would need to notify the agency within 30 days. The agency would have to write regulations within 450 days that set how to self‑disclose and what facts to include. Violators could face civil fines ti… - Act would end in seven years: mixed, high. If enacted, the Act and any amendments made by it would stop having effect seven years after the date of enactment. All authorities, duties, programs, and rule changes created by the Act would end on that date. This would remove both new regulatory powers and new compliance duties established by th… - Public database and secrecy for filings: mixed, medium. If enacted, the Secretary could make a public, non‑exhaustive database listing some foreign persons tied to prohibited or notifiable technologies. Covered foreign persons could petition to be added or removed and the public could submit evidence confidentially. Most Title VIII filings would be exem… - More scrutiny on Chinese-linked firms: mixed, medium. If enacted, the President would send an initial report within two years and then reports every two years for six years assessing Chinese persons for a Non‑SDN military‑industrial list. The review would use several federal lists and require agencies to share information and listing criteria. Title I… ## Related bills - 119-s-1071: National Defense Authorization Act for Fiscal Year 2026 - 119-s-1053: FIGHT China Act of 2025 - 119-s-524: Coast Guard Authorization Act of 2025 - 119-s-1032: Major Richard Star Act - 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas. - 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona. ## Sources - [119-s-3555 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3555) ## Related - [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071) - [119-s-1053: FIGHT China Act of 2025](https://policyrisk.com/legislation/119-s-1053) - [119-s-524: Coast Guard Authorization Act of 2025](https://policyrisk.com/legislation/119-s-524) - [119-s-1032: Major Richard Star Act](https://policyrisk.com/legislation/119-s-1032) - [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913) - [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897) - [All bills in Congress](https://policyrisk.com/legislation) Source: PRIA, https://policyrisk.com/legislation/119-s-3555 (as of 2026-09-30).