PROTECT Act of 2025
Introduced Apr 9, 2025 by Sen. Bernie Moreno
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.