1. Short title This Act may be cited as the Protecting America From Foreign Investors Compromised by the Chinese Communist Party Act of 2020 . 2. Sense of Congress It is the sense of Congress that— (1) foreign investment provides substantial economic benefits to the United States, including the promotion of economic growth, productivity, competitiveness, and job creation, thereby enhancing national security; (2) maintaining the commitment of the United States to an open investment policy encourages other countries to reciprocate and helps open new foreign markets for United States businesses; (3) it should continue to be the policy of the United States to enthusiastically welcome and support foreign investment, consistent with the protection of national security; (4) at the same time, the national security landscape has shifted in recent years, and so has the nature of the investments that pose the greatest potential risk to national security; and (5) those shifts warranted the modernization of the authorities of the Committee on Foreign Investment in the United States under the Foreign Investment Risk Review Modernization Act of 2018 (subtitle A of title XVII of Public Law 115–232 ; 132 Stat. 2173). 3. Modification of requirement for regulations defining foreign person for purposes of covered transactions (a) In general Section 721(a)(4)(E) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(a)(4)(E) ) is amended by striking the third sentence and inserting the following: “Such criteria shall take into consideration— (i) how a foreign person is connected to a foreign country or foreign government