Global Fragility Reauthorization Act

Senate Bill

S. 2678

119th Congress

Global Fragility Reauthorization Act

In Committee

Introduced:Aug 1, 2025

Primary Sponsor

John Cornyn

R - TX

Cosponsors

2

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill requires U.S. companies and individuals to notify the Treasury Department before making certain investments in North Korea, China, Russia, or Iran. The goal is to increase transparency around investments in sensitive sectors like semiconductors, AI, and satellite communications in these countries.

Latest Action

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

Introduced8/1/2025

StatusRead twice and referred to the Committee on Foreign Relations.

ChamberSenate

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Vote Prediction

Global Fragility Reauthorization Act

This bill requires U.S. companies and individuals to notify the Treasury Department before making certain investments in North Korea, China, Russia, or Iran. The goal is to increase transparency around investments in sensitive sectors like semiconductors, AI,

Community Breakdown

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This bill requires U.S. companies and individuals to notify the Treasury Department before making certain investments in North Korea, China, Russia, or Iran. The goal is to increase transparency around investments in sensitive sectors like semiconductors, AI, and satellite communications in these countries.

Bill Number: 2678
Introduced: 8/1/2025
Status: Read twice and referred to the Committee on Foreign Relations.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Global Fragility Reauthorization Act
Bill Number: 2678
Sponsor: No sponsor
Status: Read twice and referred to the Committee on Foreign Relations.
Introduced: 8/1/2025
Summary: This bill requires U.S. companies and individuals to notify the Treasury Department before making certain investments in North Korea, China, Russia, or Iran. The goal is to increase transparency around investments in sensitive sectors like semiconductors, AI, and satellite communications in these co

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill requires U.S. companies and individuals to notify the Treasury Department before making certain investments in North Korea, China, Russia, or Iran. The goal is to increase transparency around investments in sensitive sectors like semiconductors, AI, and satellite communications in these countries.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Outbound Investment Transparency Act of 2023This bill requires U.S. persons to notify the Department of the Treasury when making investments in or engaging in other economic activity associated with North Korea, China, Russia, or Iran. This requirement applies to U.S. persons in certain sectors, including advanced semiconductors and microelectronics, artificial intelligence, and satellite-based communications. Covered activities that trigger the notification requirement include investing in an entity, establishing a venture or subsidiary, or acquiring certain positions in an entity in these countries.U.S. persons must notify Treasury 14 days before engaging in a covered activity. However, if the covered activity is a secured transaction, notification must be provided not later than 14 days after the transaction. Specific information or documentary material provided to Treasury is not subject to public disclosure, with certain exceptions.Treasury must at least annually report to Congress a summary of the notifications received under this bill.The Department of State must engage with allied countries to coordinate protocols, procedures, and information sharing regarding these investments. The Department of Justice has the authority to enforce this bill.

Key Points

Main provisions of the bill

U.S. companies and individuals must notify Treasury 14 days before investing in North Korea, China, Russia, or Iran in certain industries like semiconductors, AI, and satellite communications.
For secured transactions, notification must be provided within 14 days after the investment is made.
The information provided to Treasury will not be publicly disclosed, with some exceptions.
Treasury must report annually to Congress on the notifications received.
The Departments of State and Justice will coordinate with allies and enforce the law.

How This Impacts Americans

Potential effects on citizens and communities

This bill would impact U.S. companies and individuals making investments in high-tech industries in North Korea, China, Russia, or Iran. It aims to provide the U.S. government more visibility into these types of economic activities in order to address national security concerns. The increased reporting requirements could make it more difficult or burdensome for American businesses to pursue certain international investment opportunities in these countries.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2678, 119th Congress (2025). "Global Fragility Reauthorization Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2678

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