To amend the Defense Production Act of 1950 to allow an Indian Tribe to request CFIUS review of certain transactions between the Indian Tribe and foreign persons, and for other purposes.
HR 7500 allows federally recognized Indian tribes to request national security reviews (CFIUS) for transactions with foreign persons, mirroring the process available to corporations. It amends the Defense Production Act to require CFIUS to assess such tribal transactions for national security risks, treating them the same as covered business deals involving U.S. entities. This directly affects tribal governments entering business or real estate agreements with foreign entities, giving them equal access to the security review process. The bill does not change CFIUS's authority but extends its application to tribal transactions as defined under the Indian Self-Determination Act.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
President
Introduced Feb 29, 2024
Last action Feb 29, 2024
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Full legislative history
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Total actions
2
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Committee
1
Feb 29, 2024
Committee
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.
lower
Feb 29, 2024
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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