S. 1388

119th Congress

In Committee

PROTECT Act of 2025

Sponsored byRepublican:Sen. Moreno, Bernie [R-OH]OH· Introduced 9 April 2025
Open on Congress.gov

2

Cosponsors

2

Actions

0

Amendments

1

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

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

9 April 2025·1 year ago

Summary

Introduced in Senate · Updated 10 June 2026

Providing Rigorous Oversight Through Evaluation of Concerning Transactions Act of 2025 or the PROTECT Act of 2025

This bill requires the Committee on Foreign Investment in the United States (CFIUS) to review certain real estate investments made by a foreign country of concern in the United States. The bill defines foreign country of concern as China, North Korea, Russia, Iran, or any other country determined to be a country of concern by the Department of State.

Specifically, CFIUS must review any investment by a foreign person that (1) involves the acquisition of real estate in the United States and the establishment of a U.S. business on such real estate, and (2) could result in direct or indirect control of that U.S. business by a foreign country of concern. A party to any such investment must submit to CFIUS a declaration containing basic information regarding the transaction.

Timeline

2 actions

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

    9 April 2025 · IntroReferral

  2. Introduced in Senate

    9 April 2025 · IntroReferral

Sponsorship

2 cosponsors

Sponsor

Republican:Sen. Moreno, Bernie [R-OH]OH

Cosponsors

  • Democrat150%
  • Republican150%

Classification

Policy area

Foreign Trade and International Finance

Committees

1

  • Banking, Housing, and Urban Affairs Committee

    Senate · Standing

    • Referred To9 Apr 2025
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