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Banking, Housing, and Urban Affairs Committee
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S. 1388In committee
PROTECT Act of 2025
Introduced: Apr 9, 2025
Latest action date: Apr 9, 2025
Latest development
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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- Congress
- 119th Congress
- Introduced
- Apr 9, 2025
- Recorded roll calls
- 0
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
What this bill does
Providing Rigorous Oversight Through Evaluation of Concerning Transactions Act of 2025 or the PROTECT Act of 2025
This bill requires the Committee on Foreign Investment in the United States (CFIUS) to review certain real estate investments made by a foreign country of concern in the United States. The bill defines foreign country of concern as China, North Korea, Russia, Iran, or any other country determined to be a country of concern by the Department of State.
Specifically, CFIUS must review any investment by a foreign person that (1) involves the acquisition of real estate in the United States and the establishment of a U.S. business on such real estate, and (2) could result in direct or indirect control of that U.S. business by a foreign country of concern. A party to any such investment must submit to CFIUS a declaration containing basic information regarding the transaction.
Official summary from Congress.gov.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Foreign Trade and International Finance
Committee activity
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Official committee record ↗
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Oct 15, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline2 actions
Introduced in Senate
IntroReferralLibrary of CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenate
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