To amend the Defense Production Act of 1950 to allow an Indian Tribe to request CFIUS review of certain transactions between the Indian Tribe and foreign persons, and for other purposes.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7500 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 7500

To amend the Defense Production Act of 1950 to allow an Indian Tribe to 
 request CFIUS review of certain transactions between the Indian Tribe 
              and foreign persons, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 29, 2024

Mr. Luetkemeyer (for himself and Mrs. Peltola) introduced the following 
bill; which was referred to the Committee on Financial Services, and in 
addition to the Committees on Energy and Commerce, and Foreign Affairs, 
for a period to be subsequently determined by the Speaker, in each case 
for consideration of such provisions as fall within the jurisdiction of 
                        the committee concerned

_______________________________________________________________________

                                 A BILL


 
To amend the Defense Production Act of 1950 to allow an Indian Tribe to 
 request CFIUS review of certain transactions between the Indian Tribe 
              and foreign persons, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REQUESTS BY INDIAN TRIBES FOR CFIUS REVIEW.

    Section 721(a)(4) of the Defense Production Act of 1950 (50 U.S.C. 
4565(a)(4)) is amended by adding at the end the following:
                    ``(G) Requests by indian tribes for review of 
                transactions.--Upon the written request of an Indian 
                Tribe (as defined in section 4(e) of the Indian Self-
                Determination and Education Assistance Act, (25 U.S.C. 
                5304(e))) with respect to a transaction between such 
                Indian Tribe and a foreign person (other than an Indian 
                Tribe), this section shall apply--
                            ``(i) to such transaction in the same 
                        manner as this section applies to a covered 
                        transaction; and
                            ``(ii) to the business or real estate that 
                        is the subject of such transaction in the same 
                        manner as this section applies to a United 
                        States business or real estate located in the 
                        United States.''.
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