Senate Bill Eyes More Scrutiny of Foreign Investment in Greenfields, Brownfields
Three senators introduced a bill April 9 that would authorize the Committee on Foreign Investment in the U.S. to review greenfield and brownfield investments in the U.S. by China and other “foreign countries of concern.”
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Sens. Bernie Moreno, R-Ohio, Tim Sheehy, R-Mont., and Elissa Slotkin, D-Mich., are offering the Providing Rigorous Oversight Through Evaluation of Concerning Transactions (Protect) Act, which was referred to the Senate Banking Committee.
Separately, Rep. Jodey Arrington, R-Texas, on April 9 introduced a House companion to a Senate bill that would expand CFIUS's jurisdiction to include land purchases by China, Russia, Iran and North Korea near U.S. military bases and training areas. Sen. Ted Cruz, R-Texas, reintroduced the Protecting Military Installations and Ranges Act in January (see 2501230012).