,,ii  #aaith ,,congress  #ast ,session  
,s4 #achh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #i1     
#bjbe ,mr4 ,moreno 7for himself1 ,ms4   
,slotkin1 and ,mr4 ,sheehy7 introduced  
the following bill2 which was read twice
 and referred to the ,committee on      
,banking1 ,housing1 and ,urban ,affairs 
,a ,,bill  ,to require the review by the
 ,committee on ,foreign ,investment in  
the ,united ,states of greenfield and   
brownfield investments by foreign       
countries of concern4  #a4 ,short title 
,this ,act may be cited as the          
,providing ,rigorous ,oversight ,through
 ,evaluation of ,concerning             
,transactions ,act of #bjbe or the      
,,protect ,act of #bjbe4  #b4 ,review by
 ,committee on ,foreign ,investment in  
the ,united ,states of greenfield and   
brownfield investments by foreign       
countries of concern  7a7 ,inclusion in 
definition of covered transaction       
,section #gba7;a77#d7 of the ,defense   
,production ,act of #aiej 7#ej ,u4,s4,c4

 #defe7;a77#d77 is amended--  7#a7 in   
subparagraph 7,a7-- 7,a7 in clause 7i71 
by striking 2 and and inserting a       
semicolon2  7,b7 in clause 7ii71 by     
striking the period at the end and      
inserting 2 and2 and  7,c7 by adding at 
the end the following3  7iii7 any       
transaction described in subparagraph   
7,b77vi7 proposed or pending on or after
 the date of the enactment of this      
clause4  2  7#b7 in subparagraph 7,b71  
by adding at the end the following3     
7vi7 ,subject to subparagraphs 7,c7 and 
7,e71 an investment by a foreign person 
that-- 7,i7 involves--  7aa7 the        
completed or planned purchase or lease  
by1 or a concession to1 the foreign     
person of private or public real estate 
in the ,united ,states2 and  7bb7 the   
establishment of a ,united ,states      
business to operate a factory or other  
facility on that real estate2 and       
7,,ii7 could result in control1         
including through formal or informal    
arrangements to act in concert1 of that 

,united ,states business by-- 7aa7 the  
government of a foreign country of      
concern 7as defined in section          
#ajfab7;a7 of the ,research and         
,development1 ,competition1 and         
,innovation ,act 7#db ,u4,s4,c4         
#aibba7;a7772  7bb7 a person owned or   
controlled by1 or acting on behalf of1  
such a government2  7cc7 an entity in   
which such a government has1 directly or
 indirectly1 including through formal or
 informal arrangements to act in        
concert1 a #e percent or greater        
interest2  7dd7 an entity in which such 
a government has1 directly or           
indirectly1 the right or power to       
appoint1 or approve the appointment of1 
any members of the board of directors1  
board of supervisors1 or an equivalent  
governing body 7including external      
directors and other individuals who     
perform the duties usually associated   
with such titles7 or officers 7including
 the president1 senior vice president1  
executive vice president1 and other     

individuals who perform duties normally 
associated with such titles7 of any     
other entity that held1 directly or     
indirectly1 including through formal or 
informal arrangements to act in concert1
 a #e percent or greater interest in the
 entity in the preceding #c years2 or   
7ee7 an entity in which any members or  
officers described in item 7dd7 of any  
other entity holding1 directly or       
indirectly1 including through formal or 
informal arrangements to act in concert1
 a #e percent or greater interest in the
 entity are officials of such a         
government in the preceding #c years4  2
  7#c7 in subparagraph 7,c77i71 in the  
matter preceding subclause 7,i71 by     
striking subparagraph 7,b77ii7 and      
inserting clause 7ii7 or 7vi7 of        
subparagraph 7,b72 and  7#d7 in         
subparagraph 7,e71 by striking clauses  
7ii7 and 7iii7 and inserting clauses    
7ii71 7iii71 and 7vi74  7b7 ,mandatory  
filing of declarations ,section         
#gba7;b77#a77;,c77v77,,iv77bb7 of the   

,defense ,production ,act of #aiej 7#ej 
,u4,s4,c4                               
#defe7;b77#a77;,c77v77,,iv77bb77 is     
amended by adding at the end the        
following3 7,,dd7 ,greenfield and       
brownfield investments by foreign       
countries of concern ,the parties to a  
covered transaction described in        
subsection 7a77#d77;,b77vi7 shall submit
 a declaration described in subclause   
7,i7 with respect to the transaction4 4