Washington, D.C. – Today, Rep. Eli Crane of Arizona’s Second Congressional District joined Rep. Rick Crawford of Arkansas’ First Congressional District in sponsoring the Protect U.S. Investments Act, originally introduced by Rep. Paul Gosar of Arizona’s Ninth Congressional District. The goal of the Protect U.S. Investments Act is to deter the expropriation of U.S. investments by foreign countries.

Rep. Eli Crane is an Arizona businessman and veteran who served for 13 years, including five wartime deployments, of which three deployments were as a member of SEAL Team 3. Rep. Crane is a Member of the House Homeland Security Committee, Veterans' Affairs Committee, and the House Small Business Committee.

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Rep. Rick Crawford was raised in an Air Force family, served in the U.S. Army for 4 years, competed in rodeos, and worked in Agriculture after a career-ending injury. He has served in Congress for six terms and is Ranking Member of the House Permanent Select Committee on Intelligence, Vice Chair of the Agriculture Committee, Member of the Science, Space and Infrastructure Committee, and Ranking Member of the House Committee on Transportation and Infrastructure.

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The Protect U.S. Investments Act builds on the Fidel Castro-Era 1962 Hickenlooper Amendment, which requires cutting off aid to foreign countries that expropriate U.S. investment, by also taking away the visas and remittances of foreign public officials who enable expropriation. The Act also adds the failure to engage in investment treaty-required negotiations and consultations with U.S. investors to the list of predicates for sanctions.

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The Protect U.S. Investments Act, H.R. 465, is assigned to the House Committee on Foreign Affairs.