Protecting Against Foreign Adversary Investments Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 3948 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 3948 To amend the Defense Production Act of 1950 to better address certain transactions by foreign entities of concern, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 14, 2024 Ms. Stabenow (for herself and Mr. Peters) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To amend the Defense Production Act of 1950 to better address certain transactions by foreign entities of concern, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protecting Against Foreign Adversary Investments Act of 2024''. SEC. 2. AUTHORITY OF COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES TO REVIEW CERTAIN REAL ESTATE PURCHASES BY FOREIGN ENTITIES OF CONCERN. (a) In General.--…