Strategic Assets Protection Act
Nuclear Site Safety: Review of Foreign Purchases
The Strategic Assets Protection Act is currently in the early stages of the legislative process. It has been sent to three different House committees for review. No further actions are scheduled at this time.
Legislative Progress
While national security is a popular topic, bills that force the government to reopen years of old business deals often face pushback from the business community and legal experts.
Key Points
- This bill would force a government committee to look back at business deals and land purchases made by foreign companies since 2017. It specifically targets deals located near America's nuclear weapons, including missile silos, bomber bases, and submarine ports.
- The goal is to find out if any of these foreign owned properties or businesses pose a threat to national security. If a deal is found to be risky, the government could take steps to fix the problem or even ask the president to undo the deal entirely.
- The review would cover a wide range of locations, such as places where nuclear weapons are stored, tested, or controlled. It also includes research labs and factories that build parts for the nation's nuclear arsenal.
- The Secretary of the Treasury would have 180 days to finish the review and report the findings to Congress. While most of the report would be secret for security reasons, a summary would be shared with the public if possible.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Strategic Assets Protection Act
Data Sources
Sponsor
Analysis generated by AI. Always verify with official sources.