Securing Partner Supply Chains Act
- Bill Number
- S. 4899
- Origin Chamber
- Senate
- Congress
- 119th Congress, Session 2
- Status
- Introduced
- Latest Action
- 2026-06-24: Read twice and referred to the Committee on Foreign Relations.
- Last Updated
- 2026-07-07T04:53:29Z
AI-Generated Summary
Purpose This legislation establishes a new U.S. government program to assist partner countries in developing systems to screen foreign investments for national security risks. The goal is to strengthen global supply chain security and reduce vulnerabilities to malign foreign influence.
Key Provisions
- The Secretary of State must create the Initiative on Foreign Investment Screening within 180 days of enactment.
- The Initiative is led by the Under Secretary for Economic Affairs (or designee) and coordinates with other U.S. agencies.
- Core duties include providing technical assistance, training, regulatory guidance, and information sharing to foreign countries; facilitating coordination with the private sector and civil society; assessing partner countries’ progress; and conducting outreach on investment risks.
- The Initiative terminates after five years.
- The Secretary must submit annual reports to Congress for four years detailing activities, progress assessments, emerging risks, and recommendations.
- Definitions clarify “foreign investment,” “national security risk,” “partner country,” and the relevant congressional committees.
Significant Changes to Existing Law The bill creates a new statutory program under the Department of State. It does not amend or repeal any existing statutes but adds specific responsibilities and reporting requirements related to foreign investment screening.
Potential Impacts
- Government agencies: Increases workload for the Department of State and requires coordination with other federal entities.
- Citizens and businesses: Indirect effects through enhanced protection of critical infrastructure and supply chains in partner nations.
- International relations: Aims to build capacity in allied and partner countries, potentially improving alignment on national security standards without creating new legal obligations for foreign governments.
Main Stakeholders Affected
- U.S. Department of State and other federal agencies.
- Partner countries (those with U.S. trade agreements, mutual defense treaties, or designated by the Secretary).
- Private sector entities involved in foreign investment.
- Congressional committees on foreign affairs and relations.
Notable Legal, Constitutional, or Political Implications The legislation operates within established executive authority over foreign affairs and national security. It introduces no new regulatory mandates on U.S. persons or constitutional questions regarding separation of powers. The five-year sunset and annual reporting requirements provide built-in congressional oversight.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Cosponsors (1)
Recent Actions
- 2026-06-24: Read twice and referred to the Committee on Foreign Relations.
- 2026-06-24: Introduced in Senate
Bill Versions
- Securing Partner Supply Chains Act — issued 2026-06-24 — PDF (6 pages)