An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)

Covered nation

A foreign country identified by law (specifically, section 4872 of title 10) as posing a national security risk or concern to the United States.

Covered military installation

Any military base or facility located within the United States.

Long-term concessions agreement

A contract or agreement, including leases, that allows a business to operate a physical location (like a store or restaurant) on a U.S. military base.

Retailer

Any entity, including military-run businesses (nonappropriated fund instrumentalities) or other companies, that operates or wants to operate a business on a military base.

Controlled by a covered nation

When a business is organized under the laws of a covered nation, has 20% or more of its shares owned by a covered nation, or is directly controlled by a covered nation.

Covered retailer

A business that is already operating on a U.S. military base under a long-term agreement when this law takes effect.

Committee on Foreign Investment in the United States (CFIUS)

An interagency committee of the U.S. government that reviews certain foreign investments in the United States for national security implications.