Protect Our Bases Act of 2023
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 CFIUS, such as the Department of Defense and the Department of Energy) to annually review the list of military installations and other U.S. government sites that are sensitive for national security purposes. (This list in the Code of Federal Regulations identifies the military installations around which certain real estate transactions are covered under the jurisdiction of CFIUS.) CFIUS must then submit an annual report to Congress certifying the completion of such review and information related to the list's accuracy.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3077 Introduced in Senate (IS)]
<DOC>
118th CONGRESS
1st Session
S. 3077
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.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
October 18, 2023
Mr. Scott of South Carolina (for himself, Mr. Rounds, Mrs. Britt, Mr.
Hagerty, Mr. Daines, and Mr. Crapo) introduced the following bill;
which was read twice and referred to the Committee on Banking, Housing,
and Urban Affairs
_______________________________________________________________________
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.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Protect Our Bases Act of 2023''.
SEC. 2. REVIEW OF AND ADDITIONS TO NATIONAL SECURITY SENSITIVE SITES
FOR PURPOSES OF REVIEWS OF REAL ESTATE TRANSACTIONS BY
THE COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES.
Section 721(a)(4)(C) of the Defense Production Act of 1950 (50
U.S.C. 4565(a)(4)(C)) is amended by adding at the end the following:
``(iii) Inclusion of intelligence community
sites and national laboratories.--The Committee
may prescribe regulations for treating
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)) as facilities and property
of the United States Government that are
sensitive for reasons relating to national
security for purposes of subparagraph (B)(ii).
``(iv) Annual report on activities.--Not
later than one year after the date of the
enactment of the Protect Our Bases Act of 2023,
and annually thereafter, the chairperson shall
submit to the Committee on Banking, Housing,
and Urban Affairs of the Senate and the
Committee on Financial Services of the House of
Representatives a classified report on the
activities of the Committee relating to
facilities and property of the United States
Government determined to be sensitive for
reasons relating to national security for
purposes of subparagraph (B)(ii).
``(v) Annual review of list of facilities
and property.--Not later than one year after
the date of the enactment of the Protect Our
Bases Act of 2023, and annually thereafter--
``(I) each member of the Committee
shall--
``(aa) review the military
installations and other
facilities and property of the
United States Government that
are sensitive for reasons
relating to national security
on the list set forth in
Appendix A to part 802 of title
31, Code of Federal
Regulations; and
``(bb) submit to the
chairperson a report on that
review; and
``(II) after reviewing the reports
submitted under subclause (I), the
chairperson shall submit to the
Committee on Banking, Housing, and
Urban Affairs of the Senate and the
Committee on Financial Services of the
House of Representatives a
certification with respect to whether
or not the list described in subclause
(I)(aa) is up to date and, if not, an
explanation of why not.''.
<all>
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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