118th Congress · SENATE BILLBILL

S. 3077 — Protect Our Bases Act of 2023

“A bill to require the Committee on Foreign Investment in the United States to annually review and update 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, and for other purposes.”

Foreign trade and international finance

Introduced Oct 18, 2023

Last action Oct 18, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 18, 2023

Step 2

Referred

Oct 18, 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 revises the authority of the Committee on Foreign Investment in the United States (CFIUS) to review the national security implications of foreign real estate transactions. Specifically, the bill allows CFIUS to prescribe regulations for treating facilities and properties of the intelligence community and national laboratories as sensitive sites for national security purposes. Additionally, CFIUS must annually submit a classified report to Congress on the activities of CFIUS relating to federal facilities and property that are determined to be sensitive for national security purposes. The bill also requires each member of CFIUS (i.e., each federal agency that is a member of CFI...

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Oct 18, 2023

Introduced in Senate

Oct 18, 2023

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