1. Short title This Act may be cited as the Foreign Investment and Economic Security Act of 2017 . 2. Review of greenfield investments Section 721(a)(3) of the Defense Production Act of 1950 ( 50 U.S.C. App. 2170(a)(3) ) is amended— (1) by striking means any merger and inserting the following: means— (A) any merger ; (2) by striking the period and inserting ; and ; and (3) by adding at the end the following: (B) any construction of a new facility in the United States by any foreign person. . 3. Net benefit review (a) In general Section 721 of the Defense Production Act of 1950 ( 50 U.S.C. App. 2170 ) is amended— (1) in subsection (b)— (A) in the heading for such subsection, by inserting and net benefit after National Security ; (B) in paragraph (1)— (i) in the heading for such paragraph, by inserting and net benefit after National security ; (ii) in subparagraph (A), by striking clauses (i) and (ii) and inserting the following: (i) shall— (I) review the covered transaction to determine the effects of the transaction on the national security of the United States; and (II) consider the factors specified in subsection (f) for such purpose, as appropriate; and (ii) shall review the covered transaction to determine whether such transaction is of net benefit to the United States, as provided under subsection (o). ; and (iii) by adding at the end the following: (G) Mandatory net benefit review for certain covered transactions The President and the Committee shall initiate a net benefit review of a covered transaction under subparagraph (A)(ii) if such transaction meets the requirements of paragraphs (1) and (2) of section 7A(a) of the Clayton Act ( 15 U.S.C. 18a(a) ). ; and (C) in paragraph (3)(A), by inserting national security before review each place it appears in the heading and text of such subparagraph