Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
H.R. 5236 requires the Committee on Foreign Investment in the United States (CFIUS) to more closely monitor foreign acquisitions of sensitive U.S. government facilities and property. The bill amends the Defense Production Act of 1950 to expand what counts as a covered transaction to include intelligence community facilities, National Laboratories, and properties important to critical infrastructure like drinking water systems—not just those tied to national security. Starting January 31 each year, federal agencies must review and submit a list of their sensitive facilities to CFIUS leadership, along with any recommended updates, with these reports approved by Assistant Secretary-level officials. Congress members will also have the ability to request classified briefings about these sensitive facilities. The bill affects all federal agencies with critical infrastructure or intelligence assets and aims to strengthen oversight of potential foreign purchases of strategically important U.S. government property.
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