S. 5049 · 116th Congress
National Critical Capabilities Defense Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CaseySponsorNo cosponsors.
This bill establishes the Committee on National Critical Capabilities to review specified forms of outbound investment, including any merger, acquisition, or takeover of a foreign person by or with a U.S. business that could result in a threat to national critical capabilities.
What it does: CRS summary · Introduced in Senate · Dec 17, 2020
National Critical Capabilities Defense Act of 2020
This bill establishes the Committee on National Critical Capabilities to review specified forms of outbound investment, including any merger, acquisition, or takeover of a foreign person by or with a U.S. business that could result in a threat to national critical capabilities. Further, the bill establishes a congressional commission to review the activities of the committee, and it authorizes the President to suspend or prohibit transactions that pose a threat to national critical capabilities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: National Critical Capabilities Defense Act of 2020
Latest action (Dec 17, 2020): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Foreign Trade and International Finance · Origin: Senate · Introduced: Dec 17, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.