S. 1388 explained · 119th Congress · Pending in Congress
PROTECT Act of 2025
Cosponsors: 2 (1 D, 1 R) · per Congress.gov, 2026-10-11
Introduced: 2025-04-09
Latest action (2025-04-09): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What S. 1388 does, in plain terms
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 by the Congressional Research Service, via Congress.gov.
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