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Bill
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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.

H.R. 7500 · 118th Congress · Feb 29, 2024 · Lineage

A BILL

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.”