S.2098: Foreign Investment Risk Review Modernization Act of 2018

About This Bill

  • Introduced Nov. 8, 2017
  • Latest Major Action May 22, 2018

Bill Versions

Bill Summary

Foreign Investment Risk Review Modernization Act of 2017 This bill amends the Defense Production Act of 1950 to expand the scope of "covered transaction" subject to the review of the Committee on Foreign Investment in the United States (CFIUS). CFIUS analyzes the national security implications of foreign investment in the United States. A covered transaction includes: any merger, acquisition, or takeover that could result in foreign control...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 3 statements associated with S.2098.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for S.2098.

Bill Actions

Date Description
May 22, 2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.
May 22, 2018
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with an amendment in the nature of a substitute and an amendment to the title. Without written report.
May 22, 2018
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jan. 30, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jan. 30, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161.
Jan. 25, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jan. 25, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-160.
Jan. 18, 2018
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Nov. 8, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov. 8, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7111-7118)
Nov. 8, 2017

Introduced in the Senate by John Cornyn (R-Texas)

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