The Senate Committee on Banking, Housing, and Urban Affairs is the next group that must review this bill. It has not moved since August 7, 2026. Most bills like this do not receive a committee vote and often stall at this stage.
Legislative Progress
Senate
House
President
Law
Could go either way
Bipartisan support from high profile senators helps, but many study based bills stall unless they are attached to larger defense packages.
Key Points
This bill requires the Department of Commerce to study how foreign adversaries might be using U.S. based companies to get around trade bans. It focuses on businesses that are at least 50 percent owned by foreign entities already on government watchlists.
Officials will investigate if these U.S. branches are buying high tech items that their parent companies are legally blocked from owning. This is meant to ensure that export controls, which protect American technology, are actually working as intended.
The review will also look at risks from foreign controlled information and communications technology. The goal is to see if these systems could be used to spy on Americans or undermine national security.
Within 90 days of the bill becoming law, the Department of Commerce must finish its review. They then have 30 days to report their findings to Congress and suggest new laws to fix any problems they find.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Aug 7, 2026Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Aug 7, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Source Information
Document Type
Congressional Bill
Official Title
ADVERSARIES Act
Bill NumberS 5381
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
