Smart and Secure Foreign Investment Act

[AI summary unavailable — showing source text] Smart and Secure Foreign Investment Act - Amends the National Security Act of 1947 to require the Director of National Intelligence to: (1) assist the President in conducting investigations in instances in which an entity controlled by or acting on behalf of a foreign government seeks to engage in any merger, acquisition, or takeover ("takeover," for purposes of this Act) which could result in control of a person engaged in interstate commerce in the United States that could affect national security; (2) serve as a member of the Committee on Foreign Investment in the United States (CFIUS); and (3) certify to the President and CFIUS, before review by CFIUS, that there are no national security implications of such proposed action. Amends the Defense Production Act of 1950 to require an entity controlled by or acting on behalf of a foreign government to notify the President at least 60 days before a proposed takeover of an entity that has energy assets valued at $1 billion or more or that operates a critical infrastructure if the action could result in control of a person engaged in interstate commerce that could affect national security. Requires the President to: (1) trans…