3.0.0 2380 2023-01-13T04:48:51Z 2023-01-13T04:48:51Z Senate S S 2006-03-07 109 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2006-03-07T21:49:17Z National Infrastructure Improvement Act of 2006 109 5616 HR 2006-06-15 Referred to the Subcommittee on Water Resources and Environment. Text similarities House 2006-03-07 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1837-1838) IntroReferral 2006-03-07 Sponsor introductory remarks on measure. (CR S1835-1837) IntroReferral B00100 9 Library of Congress 2006-03-07 Introduced in Senate IntroReferral 10000 9 Library of Congress D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN N Foreign Trade and International Finance Armed Forces and National Security Cabinet officers Central Intelligence Agency Commerce Congress Congress and foreign policy Congressional reporting requirements Corporate mergers Department of Defense Department of Homeland Security Director of National Intelligence Dubai Ports World aftermath legislation Executive reorganization Federal officials Foreign corporations Foreign investments Government Operations and Politics Government ownership Government paperwork Governmental investigations Infrastructure Infrastructure (Economics) International Affairs President and foreign policy Foreign Trade and International Finance 00 2006-03-07 Introduced in Senate 2006-03-16T19:55:03Z U.S. National Security Protection Act of 2006 - Revises the structure of the Committee on Foreign Investment in the United States (CFIUS) to: (1) add the Director of National Intelligence and the Director of Central Intelligence as members; (2) designate the Secretaries of Homeland Security and of Defense as vice chairs; and (3) require the President to establish a Subcommittee on Intelligence.

Amends the Defense Production Act of 1950 to charge the Subcommittee with the tasks of providing review and comment both before and after investigations authorized or required under the Act to determine the national security effects of mergers, acquisitions, and takeovers ("takeovers," for purposes of this Act) involving foreign persons or foreign government-controlled entities that could result in foreign control of persons engaged in interstate commerce.

Includes ownership, control, or operation of critical infrastructure as interstate commerce activity that could affect national security.

Requires certification by the President or by the chair of CFIUS (when CFIUS is acting as the President's designee) of a final determination not to proceed with an investigation by the President of a takeover action.

Requires persons controlled by or acting on behalf of a foreign government or person to notify the President (or the President's designee) in writing of any proposed takeover of critical infrastructure, providing information necessary to assess national security effects. Requires notice to Congress within 15 days of such notification and at the commencement of an investigation.

Requires the President to report quarterly to Congress on all takeovers that were subject to investigation or review during the quarter.

Makes CFIUS the President's designee for purposes of the takeover investigation provisions.

]]> U.S. National Security Protection Act of 2006 Display Title U.S. National Security Protection Act of 2006 Official Title as Introduced A bill to add the heads of certain Federal intelligence agencies to the Committee on Foreign Investment in the United States, to require enhanced notification to Congress and for other purposes. Introduced in Senate IS Short Titles as Introduced U.S. National Security Protection Act of 2006 Introduced in Senate 2006-03-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s2380is/xml/BILLS-109s2380is.xml 2006-03-07 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1837-1838) 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.