RESTRICT Act

The RESTRICT Act (S 686) gives the Secretary of Commerce authority to identify and address information and communications technology (ICTS) products or services that pose undue national security risks, particularly those involving foreign adversaries like China, Russia, Iran, and others. It targets transactions or holdings by entities from designated foreign adversary countries or their controlled entities, with special focus on technology used by over 1 million U.S. users, including telecommunications, data services, and critical infrastructure systems. The Secretary can refer "covered holdings" to the President, who may then compel divestment or other mitigation measures to protect U.S. critical infrastructure, election security, and sensitive data. The bill establishes specific review procedures while limiting judicial review of these national security decisions.