Information and Communications Technology and Services National Security Review Act
Information and Communications Technology and Services National Security Review Act
Plain Language Summary
# Information and Communications Technology and Services National Security Review Act (S 2041) **What the Bill Would Do** This bill would create a new government review process for information and communications technology (ICT) companies and services that could affect U.S. national security. It would establish procedures for examining foreign ownership, control, or influence over technology companies—particularly those providing critical services like telecommunications, data storage, or internet infrastructure. The bill aims to give the federal government tools to identify and address potential security risks before they become problems. **Who It Affects and Key Provisions** The bill would primarily affect technology and telecommunications companies, especially those with foreign investors or ties to other countries.
It would create a formal review mechanism (likely similar to existing Committee on Foreign Investment in the United States processes) to assess whether foreign entities could pose security threats through their stakes in U.S. tech firms. This could impact companies' ability to receive foreign investment and may require companies to disclose information about their ownership and operations. **Current Status** As of now, S 2041 is in committee, meaning it has been introduced but not yet voted on by the full Senate. The bill has not advanced to the next stage of consideration.
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.