H.R. 8636, known as the “Foreign Investment Transparency and Accountability Act,” aims to modify the Defense Production Act of 1950. It establishes a process for any agency of the Committee on Foreign Investment in the United States to request an evaluation of certain...
Simple Explanation
The bill is like a safety check for when someone from another country wants to buy something important in America. If a group that's in charge of these checks says no to looking into a sale, they have to tell the people in charge why and suggest ways to make the country safer.