3.0.0 4929 2023-01-13T04:48:58Z 2023-01-13T04:48:58Z House H HR 2006-03-09 109 hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Referred to 2006-04-21T13:17:39Z Referred to 2006-03-09T15:01:05Z hlig00 Intelligence (Permanent Select) Committee House Select Referred to 2006-03-09T15:01:20Z hsfa00 Foreign Affairs Committee House Standing Referred to 2006-03-09T15:01:15Z hsif00 Energy and Commerce Committee House Standing Referred to 2006-03-09T15:01:10Z 2006-04-21 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. Committee 2006-03-09 Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, International Relations, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hlig00 Intelligence (Permanent Select) Committee 2006-03-09 Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, International Relations, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2006-03-09 Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, International Relations, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2006-03-09 Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, International Relations, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2006-03-09 Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, International Relations, and Intelligence (Permanent Select), for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2006-03-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-03-09 Introduced in House IntroReferral 1000 9 Library of Congress S000005 Rep. Sabo, Martin Olav [D-MN-5] MARTIN SABO D MN OLAV 5 N Foreign Trade and International Finance Armed Forces and National Security Business intelligence Commerce Congress Congress and foreign policy Congressional reporting requirements Congressional veto Corporate divestiture Corporate mergers Crime and Law Enforcement Dubai Ports World aftermath legislation Executive reorganization Federal advisory bodies Foreign corporations Foreign investments Government Operations and Politics Government corporations Government ownership Governmental investigations Infrastructure Infrastructure (Economics) International Affairs Leases Legislative resolutions President and foreign policy Science, Technology, Communications Technology transfer Terrorism Foreign Trade and International Finance 00 2006-03-09 Introduced in House 2006-04-19T20:18:31Z Foreign Investment National Security Review Act of 2006 - Amends the Defense Production Act of 1950 to revise provisions concerning presidential authority to review pending or proposed mergers, acquisitions, or takeovers (transactions) which could result in foreign control of any person engaged in interstate commerce in the United States. Directs the President, after receiving written notification of a transaction, and acting through the Committee on Foreign Investment in the United States (CFIUS), to conduct an investigation to determine the effects, if any, of the transaction on U.S. national security. Requires investigations to be completed within 75 days.

Reestablishes CFIUS as a multi-agency committee (currently, a committee within the Department of the Treasury).

Prohibits a transaction unless the President finds that it will not threaten to impair U.S. national security. Provides for enforcement of presidential findings. Prohibits judicial review of such determinations. Outlines factors to be considered during an investigation, including domestic production and national defense requirements.

Requires the President, after a determination to approve or disapprove a transaction, to immediately notify (by written report) both Houses of Congress. Allows Congress 30 days after notification of an approved transaction to pass a joint resolution disapproving the transaction.

Directs the President and designated agencies to submit biennial reports to Congress on: (1) evidence of coordinated strategies by one or more countries to acquire U.S. companies involved in research, development, or production of critical technologies for which the United States is a leading producer; and (2) U.S. critical infrastructure owned, controlled, or dominated by an alien, foreign corporation, or foreign government.

]]> Foreign Investment National Security Review Act of 2006 Display Title Foreign Investment National Security Review Act of 2006 Official Title as Introduced To amend section 721 of the Defense Production Act of 1950 to enhance the effectiveness of the investigations of certain mergers, acquisitions, and takeovers for national security implications, and for other purposes. Introduced in House IH Short Titles as Introduced Foreign Investment National Security Review Act of 2006 Introduced in House 2006-03-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4929ih/xml/BILLS-109hr4929ih.xml 2006-04-21 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.