S.1388

PROTECT Act of 2025 Providing Rigorous Oversight Through Evaluation of Concerning Transactions Act of 2025

Introduced·4/9/25
Introduced in Senate Text

PROTECT Act of 2025 mandates review of foreign investments in U.S. real estate by CFIUS.

The PROTECT Act of 2025 amends the Defense Production Act of 1950 to require the Committee on Foreign Investment in the United States (CFIUS) to review certain foreign investments in U.S. real estate. Specifically, it expands the definition of "covered transaction" to include investments by foreign persons that involve the purchase or lease of U.S. real estate and could result in control by a foreign government of concern. The bill also mandates that parties to such transactions submit declarations to CFIUS.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Banking, Housing, And Urban Affairs Committee
Next
Committee decision

Sponsors

1
2
Democratic CaucusRepublican Caucus

History

Apr 9, 2025

Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.