Federal senate Enacted
S 622
Foreign Investment Review Modernization Act
Signed into law March 19, 2026.
Read the official bill text ↗Summary
Modernizes the Committee on Foreign Investment in the United States (CFIUS) to cover greenfield investments, expanded data-aggregation deals, and outbound technology transfer in defined critical sectors.
Key provisions
- CFIUS jurisdiction expanded to greenfield investments in critical sectors
- New outbound-investment review for semiconductors, quantum, advanced biotech
- Data-aggregation thresholds trigger review even absent control
- Penalties for failure to file: up to transaction value
- 60-day review baseline with limited extension
Effect
Who benefits National-security agencies, domestic firms in critical sectors.
Who pays Foreign investors + acquirers, U.S. firms in covered sectors (deal friction).
Your reps on this bill
JL
James Lankford
U.S. Senator · R-OK
YEA ✓ aligned with you
AA
Alan Armstrong
U.S. Senator · R-OK
YEA ✓ aligned with you
JB
Josh Brecheen
U.S. Rep · OK-02 · R-OK
no roll call
DB
David Bullard
U.S. Senator · R-OK
no roll call
CM
Cody Maynard
U.S. Rep · HD-21 · R-OK
no roll call
Full roll call
4 yea · 1 nay · 5 recorded
| Legislator | Chamber | Party/State | Vote |
|---|---|---|---|
| James Lankford | senate | R-OK | YEA |
| Alan Armstrong | senate | R-OK | YEA |
| Chuck Schumer | senate | D-NY | YEA |
| Mitch McConnell | senate | R-KY | YEA |
| Bernie Sanders | senate | I-VT | NAY |