Strategic Assets Protection Act

The Committee on Foreign Investment in the United States shall conduct a review of all transactions completed on or after January 1, 2017, that involve real estate, businesses, critical infrastructure, or assets located within, adjacent to, or functionally supporting facilities that host, maintain, modernize, test, command, or control components of the United States nuclear triad, including intercontinental ballistic missile facilities, ballistic missile submarine bases and shipyards, strategic bomber bases, associated weapons storage areas, nuclear command, control, and communications infrastructure, and any National Nuclear Security Administration production or research facilities.

The review required by subsection (a) shall include an assessment of whether any such transaction presents a risk to the national security of the United States and whether mitigation measures, reopening of review, or recommendation to the President for appropriate action under section 721(d) of the Defense Production Act of 1950 are warranted.

The Secretary of the Treasury shall submit to the Committees on Appropriations and the Committees on Armed Services of the House of Representatives and the Senate, not later than 180 days after the date of the enactment of this Act, a classified report detailing the findings of such review and any actions taken or recommended, with an unclassified summary to the extent practicable.