118th Congress · SENATE BILLBILL

S. 2947 — Protecting Sensitive Personal Data Act of 2023

“A bill to expand the transactions for which declarations may be required by the Committee on Foreign Investment in the United States to include investments in United States businesses that maintain or collect sensitive personal data.”

Foreign trade and international finance

Introduced Sep 27, 2023

Last action Sep 27, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 27, 2023

Step 2

Referred

Sep 27, 2023

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill expands the covered transactions that are subject to the review of the Committee on Foreign Investment in the United States (CFIUS), which analyzes the national security implications of foreign investment in the United States. Specifically, CFIUS may require declarations for foreign investments in U.S. businesses that maintain or collect sensitive personal data of U.S. citizens that may be exploited to threaten national security.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Sep 27, 2023

Introduced in Senate

Sep 27, 2023

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.