HR 556110th CongressSigned into LawHouse

Foreign Investment and National Security Act of 2007

Policy Area: Foreign Trade and International Finance

View on Congress.gov

Origin Chamber

House

Last Updated

Apr 7, 2025

Latest Action Date

Jul 26, 2007

Primary Sponsor

Sponsor

Bill Sponsor

Rep. Maloney, Carolyn B. [D-NY-14]

DNY

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Sponsor Committees

Related committee information is not available for this bill yet.

Legislative Timeline

Signed into Law

2007-01-18Referred to Committee

Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

2007-01-18Introduced

Introduced in House

2007-02-02Referred to Committee

Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

2007-02-13Reported

Ordered to be Reported (Amended) by Voice Vote.

2007-02-13Committee

Committee Consideration and Mark-up Session Held.

2007-02-14Reported

Ordered to be Reported (Amended) by Voice Vote.

2007-02-14Committee

Committee Consideration and Mark-up Session Held.

2007-02-16Committee

Mr. Frank (MA) asked unanimous consent that the Committee on Financial Services have until midnight on Feb. 23 to file a report on H.R. 556. Agreed to without objection.

2007-02-23Calendars

Placed on the Union Calendar, Calendar No. 9.

2007-02-23Discharge

Committee on Foreign Affairs discharged.

2007-02-23Discharge

Committee on Energy and Commerce discharged.

2007-02-23Reported

Reported (Amended) by the Committee on Financial Services. H. Rept. 110-24, Part I.

2007-02-27Reported

Rules Committee Resolution H. Res. 195 Reported to House. Rule provides for consideration of H.R. 556 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.

2007-02-28Floor

Motion to reconsider laid on the table Agreed to without objection.

2007-02-28Floor

On passage Passed by recorded vote: 423 - 0 (Roll no. 110).

2007-02-28Passed House

Passed/agreed to in House: On passage Passed by recorded vote: 423 - 0 (Roll no. 110).

2007-02-28Floor

On motion to recommit with instructions Failed by recorded vote: 193 - 229 (Roll no. 109).

2007-02-28Floor

The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2008)

2007-02-28Reported

DEBATE - The House proceeded with ten minutes of debate on the Neugebauer motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with amendments that require the President to include in the annual report a detailed discussion of factors, including the deleterious effect of burdensome regulations.

2007-02-28Floor

Mr. Neugebauer moved to recommit with instructions to Financial Services. (consideration: CR H2007-2009; text: CR H2007-2008)

2007-02-28Floor

The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

2007-02-28Floor

The previous question was ordered pursuant to the rule. (consideration: CR H2007)

2007-02-28Floor

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 556.

2007-02-28Floor

UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed.

2007-02-28Floor

POSTPONED PROCEEDINGS - At the conclusion of the debate on the McCaul amendment numbered 7, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes prevailed. Mr. McCaul demanded a recorded vote and the Chair announced further proceedings on the question of adoption of the amendment until late in the legislative day.

2007-02-28Floor

DEBATE - The Committee of the Whole proceeded with debate on the McCaul amendment numbered 7 under the five-minute rule.

2007-02-28Floor

POSTPONED PROCEEDINGS - At the conclusion of the debate on the McCaul amendment numbered 6, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes prevailed. Mr. McCaul demanded a recorded vote and the Chair announced further proceedings on the question of adoption of the amendment until late in the legislative day.

2007-02-28Floor

DEBATE - The Committee of the Whole proceeded with debate on the McCaul amendment numbered 6 under the five-minute rule.

2007-02-28Floor

POSTPONED PROCEEDINGS - At the conclusion of the debate on the McCaul amendment numbered 5, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes prevailed. Mr. McCaul demanded a recorded vote and the Chair announced further proceedings on the question of adoption of the amendment until late in the legislative day.

2007-02-28Floor

DEBATE - The Committtee of the Whole proceeded with debate on the McCaul amendment numbered 5 under the five-minute rule.

2007-02-28Floor

DEBATE - The Committee of the Whole proceeded with debate on the Barrow amendment numbered 12 under the five-minute rule.

2007-02-28Floor

DEBATE - The Committee of the Whole proceeded with debate on the King (IA) amendment under the five-minute rule.

2007-02-28Floor

DEBATE - The Committee of the Whole proceeded with debate on the Frank (MA) amendment under the five-minute rule.

2007-02-28Floor

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 556.

2007-02-28Floor

The Speaker designated the Honorable Ed Pastor to act as Chairman of the Committee.

2007-02-28Floor

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 195 and Rule XVIII.

2007-02-28Floor

Rule provides for consideration of H.R. 556 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.

2007-02-28Reported

Considered under the provisions of rule H. Res. 195. (consideration: CR H1987-2010; text of measure as reported in House: CR H1994-1997)

2007-02-28Passed House

Rule H. Res. 195 passed House.

2007-03-01Referred to Committee

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

2007-06-29Floor

Message on Senate action sent to the House.

2007-06-29Floor

Related Votes

Coming Soon

Roll call votes connected to this bill will appear here once bill-to-vote matching is enabled.

Latest Action

Became Public Law No: 110-49.

Official Summary

Official summary has not been imported yet.

GovScope Watchdog™

AI Government Intelligence™

Executive Summary

The Foreign Investment and National Security Act of 2007 is a law enacted to enhance the review process of foreign investments in the United States to protect national security interests. It strengthens the authority and procedures of the Committee on Foreign Investment in the United States (CFIUS), aiming to ensure that foreign acquisitions, mergers, or takeovers do not pose risks to U.S. national security. The law establishes clearer guidelines and reporting requirements for foreign investments and increases interagency coordination in the review process.

Bottom Line

This law improves the U.S. government's ability to scrutinize foreign investments for national security risks by expanding CFIUS's review powers and formalizing procedures.

Policy Risk Level

🟡 Medium

Neutral Risk Assessment

Key Points

Enhances the authority of CFIUS to review foreign investments affecting national security.
Establishes clearer procedures and timelines for the review and investigation of foreign transactions.
Requires increased interagency coordination and reporting to Congress on foreign investment reviews.

Who Benefits?

['U.S. national security agencies', 'Committee on Foreign Investment in the United States (CFIUS)', 'U.S. government policymakers', 'Domestic industries concerned with national security']

Potential Concerns

['Implementation complexity due to expanded review procedures and interagency coordination.', 'Potential increased costs for businesses undergoing foreign investment reviews.', 'Balancing national security interests with maintaining an open investment environment.', 'Oversight challenges in ensuring consistent application of review standards.']

Political Context

The bill was passed by the 110th Congress and signed into law on July 26, 2007, reflecting bipartisan recognition of the need to strengthen national security protections in the context of increasing foreign investments. It addresses concerns about safeguarding critical technologies and infrastructure from foreign control.

Hidden Impact Review

Hidden impact flags detected: 2

GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.

2 Detected

Detected Flags

Indirect Effects

['May encourage foreign investors to conduct more thorough due diligence before investing in U.S. companies.', 'Could lead to increased collaboration among U.S. government agencies on national security matters related to foreign investment.', 'Potentially influences global perceptions of the U.S. investment climate due to enhanced security screening.']

GovScope Watchdog Notes

Transparency considerations include monitoring how CFIUS applies its expanded authority and ensuring that review processes are consistent and fair. Oversight mechanisms should track the balance between national security protections and maintaining an open investment environment. Public reporting on the outcomes of foreign investment reviews can enhance accountability.

Passage Likelihood: HighConfidence: 85%Model: gpt-4.1-mini

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