Senate Bill Would Require CFIUS to Update Sensitive Sites List Yearly
Senate Banking Committee Chairman Tim Scott, R-S.C., announced June 18 that he is reintroducing a bill that would require the Committee on Foreign Investment in the U.S. to annually update its list of sensitive military, intelligence and national laboratory facilities.…
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The Protect Our Bases Act is intended to ensure CFIUS reviews foreign land purchases near sensitive sites. The legislation, which Scott previously introduced in the last Congress, has 11 co-sponsors, all Republican.