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.
This bill amends federal law to give the Secretary of the Interior a seat on the Committee on Foreign Investment in the United States, which reviews foreign purchases of sensitive American assets. The Secretary of the Interior will specifically participate when reviewing land or resource transactions involving properties adjacent to federal lands managed by agencies like the National Park Service, Bureau of Land Management, and Fish and Wildlife Service. The bill requires the committee to evaluate whether foreign acquisitions by entities from China, North Korea, Russia, or Iran pose national security concerns and can block or take action against deals deemed problematic. This requirement will automatically expire for each country once it is removed from the federal government's list of foreign adversaries. The bill affects foreign investors and companies seeking to purchase land or resources near federally managed public lands, and it aims to prevent adversarial nations from gaining control of properties close to strategically important American public lands.
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