To amend the Defense Production Act of 1950 to prohibit acquisitions, mergers, or takeovers of persons engaged in interstate commerce in the United States by entities controlled by or acting on behalf of foreign governments that do not recognize countries that are member states of the United Nations, participate in boycotts against countries that are friendly to the United States, or provide support for international terrorism.

H.R. 4885 would amend the Defense Production Act of 1950 to require the President to block any foreign government-controlled entity from acquiring, merging with, or taking over an American business if that foreign government meets certain criteria. Specifically, the prohibition applies to governments that do not recognize a fellow United Nations member state, participate in boycotts against U.S. allies, or are officially designated as state sponsors of international terrorism.

For everyday citizens, this bill aims to increase national security by preventing foreign regimes with hostile diplomatic or military records from gaining control over companies operating within the United States. By making these prohibitions mandatory rather than discretionary, the bill seeks to ensure that U.S. infrastructure and commerce remain protected from influence by specific foreign entities deemed a risk to international stability or American interests.