S 2116 — A bill to require the Committee on Foreign Investment in the United States to annually review, update, and report on 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.

Bill Text

• Introduced Introduced in Senate Current html June 18, 2025

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill mandates annual reviews and updates regarding national security sensitive sites for real estate transactions, enhancing oversight of real estate affecting national security.

• 50 U.S.C. 4565(a)(4)(C)

  (iii) List of sites.--For purposes of subparagraph (B)(ii), the Committee may prescribe through regulations a list of facilities and property of the United States Government that are sensitive for reasons relating to national security. Such list may include certain facilities and property of the intelligence community and National Laboratories (as defined in section 2 of the Energy Policy Act of 2005 (42 U.S.C. 15801)).

  This addition requires the Committee to create a list of national security sensitive sites.

• 50 U.S.C. 4565(m)(2)

  (L) A list of all notices and declarations filed and all reviews or investigations of covered transactions completed during the period relating to facilities and property of the United States Government determined to be sensitive for reasons relating to national security for purposes of subsection (a)(4)(B)(ii). (M) A certification that the list of sites identified under subsection (a)(4)(C)(iii) reflects consideration of the recommended updates and revisions submitted under paragraph (4)(B). Upon request from any Member of Congress specified in subsection (b)(3)(C)(iii), the chairperson shall provide a classified briefing to that Member, and staff of the member with appropriate security clearances, regarding the list of sites identified under subsection (a)(4)(C)(iii).

  This change enhances reporting requirements related to sensitive sites and provides for classified briefings to Congress.

• 50 U.S.C. 4565(m)

  4 → 5

  This redesignation changes the numbering of the paragraph for subsequent items.

• 50 U.S.C. 4565(m)

  (4) Annual review of list of facilities and property.-- Not later than January 31 of each year, each member of the Committee shall-- (A) review the facilities and property of the agency represented by that member that are on the list prescribed under subparagraph (C)(iii) of subsection (a)(4) of facilities and property that are sensitive for reasons relating to national security for purposes of subparagraph (B)(ii) of that subsection; and (B) submit to the chairperson a report on that review, after approval of the report by an Assistant Secretary or equivalent official of the agency, which shall include any recommended updates or revisions to the list regarding facilities and property administered by the member of the Committee.

  This requires an annual review and reporting process for each member of the Committee regarding sensitive facilities and property.

Action History

1. June 18, 2025

   Introduced in Senate

2. June 18, 2025

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

Sponsors

• Mike Crapo · Cosponsor
• Mike Rounds · Cosponsor
• Thomas Tillis · Cosponsor
• John Kennedy · Cosponsor
• Bill Hagerty · Cosponsor
• Katie Boyd Britt · Cosponsor
• Pete Ricketts · Cosponsor
• Kevin Cramer · Cosponsor
• Bernie Moreno · Cosponsor
• Jim Banks · Cosponsor
• David McCormick · Cosponsor
• Tim Scott · Primary

Subjects