A bill to require the Committee on Foreign Investment in the United States to annually review, update, and report on the facilities and property of the United States Government determined to be national security sensitive for purposes of review of real estate transactions under section 721 of the Defense Production Act of 1950. | ChamberLight
Bills · S 2116
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2116Foreign Trade and International Finance
A bill to require the Committee on Foreign Investment in the United States to annually review, update, and report on the facilities and property of the United States Government determined to be national security sensitive for purposes of review of real estate transactions under section 721 of the Defense Production Act of 1950.
INTRO JUN 18· LAST ACTION JUN 18
READING
3MIN
COSPONSORS
11
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8
Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
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Voters should care about this bill because it aims to strengthen national security by preventing foreign adversaries from acquiring property too close to critical U.S. government assets. In an era of increasing geopolitical competition, ensuring that foreign investment doesn't inadvertently compromise military bases, intelligence operations, or advanced research facilities is vital for protecting sensitive information and capabilities.
If this bill becomes law, there will be a clearer, more consistently updated list of national security sensitive sites, and Congress will receive more regular reports on foreign real estate transactions in these areas. This could lead to a more robust review process for such transactions, potentially reducing risks to U.S. security. If it doesn't pass, the current, less formalized process for identifying and reviewing these sites might continue, potentially leaving gaps in the protection of critical government infrastructure.
KEY PROVISIONS
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PROVISION 01
Requires the Committee on Foreign Investment in the U.S. (CFIUS) to prescribe a list of national security sensitive government facilities and property through regulations.
Creates an official, consistent reference for which government sites are considered sensitive for national security purposes during foreign investment reviews.
PROVISION 02
Mandates that each member agency of CFIUS annually review their own facilities on this sensitive list and recommend updates to the CFIUS chairperson by January 31st.
Ensures the list of sensitive sites is regularly reviewed and kept current by the agencies best positioned to know their own security needs.
PROVISION 03
Requires CFIUS's annual report to Congress to include all foreign real estate transactions reviewed or investigated near these sensitive sites.
Provides greater transparency and oversight for Congress regarding foreign investment near critical government infrastructure.
PROVISION 04
Requires CFIUS to certify in its annual report that the list of sensitive sites reflects considered updates and revisions.
Ensures accountability by requiring CFIUS to confirm that it has acted on the recommendations for updating the list.
PROVISION 05
Allows specified Members of Congress to request classified briefings regarding the list of sensitive sites.
Provides an avenue for Congress to obtain detailed, confidential information necessary for oversight of national security.
IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED JUN 18, 2025
Senate BillS 2116Foreign Trade and International Finance
A bill to require the Committee on Foreign Investment in the United States to annually review, update, and report on the facilities and property of the United States Government determined to be national security sensitive for purposes of review of real estate transactions under section 721 of the Defense Production Act of 1950.
Voters should care about this bill because it aims to strengthen national security by preventing foreign adversaries from acquiring property too close to critical U.S. government assets. In an era of increasing geopolitical competition, ensuring that foreign investment doesn't inadvertently compromise military bases, intelligence operations, or advanced research facilities is vital for protecting sensitive information and capabilities.
If this bill becomes law, there will be a clearer, more consistently updated list of national security sensitive sites, and Congress will receive more regular reports on foreign real estate transactions in these areas. This could lead to a more robust review process for such transactions, potentially reducing risks to U.S. security. If it doesn't pass, the current, less formalized process for identifying and reviewing these sites might continue, potentially leaving gaps in the protection of critical government infrastructure.
KEY PROVISIONS
AI-extracted
high
Requires the Committee on Foreign Investment in the U.S. (CFIUS) to prescribe a list of national security sensitive government facilities and property through regulations.
Creates an official, consistent reference for which government sites are considered sensitive for national security purposes during foreign investment reviews.
high
Mandates that each member agency of CFIUS annually review their own facilities on this sensitive list and recommend updates to the CFIUS chairperson by January 31st.
Ensures the list of sensitive sites is regularly reviewed and kept current by the agencies best positioned to know their own security needs.
med
Requires CFIUS's annual report to Congress to include all foreign real estate transactions reviewed or investigated near these sensitive sites.
Provides greater transparency and oversight for Congress regarding foreign investment near critical government infrastructure.
med
Requires CFIUS to certify in its annual report that the list of sensitive sites reflects considered updates and revisions.
Ensures accountability by requiring CFIUS to confirm that it has acted on the recommendations for updating the list.
med
Allows specified Members of Congress to request classified briefings regarding the list of sensitive sites.
Provides an avenue for Congress to obtain detailed, confidential information necessary for oversight of national security.
Each member of the Committee (CFIUS) must annually review their agency's sensitive facilities and submit a report with recommended updates.
GLOSSARY
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Committee on Foreign Investment in the United States (CFIUS)
A special government committee that reviews foreign purchases of U.S. businesses or real estate to see if they pose a threat to national security.
National security sensitive sites
Government-owned facilities, properties, or land that are important for U.S. defense, intelligence, or critical infrastructure, and where foreign ownership or proximity could create security risks.
Defense Production Act of 1950
A law that gives the U.S. President power to require companies to produce goods and services for national defense, and also includes provisions for reviewing foreign investments.
Real estate transactions
Any deal involving the buying, selling, or leasing of land or buildings.
Covered transactions
Foreign investments in the U.S. that are subject to review by CFIUS because they might raise national security concerns.
Classified briefing
A private meeting where secret government information is shared with authorized individuals, typically Members of Congress or staff with security clearances.
ACTION TIMELINE
2 EVENTS
JUN 18, 25
Introduced in Senate
INTROREFERRAL
JUN 18, 25
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.