3.0.0 3549 2023-01-13T04:50:38Z 2023-01-13T04:50:38Z Senate S S 2006-06-21 109 hsif00 Energy and Commerce Committee House Standing hsif17 Innovation, Data, and Commerce Subcommittee Referred to 2006-08-01T18:52:25Z Referred to 2006-07-27T01:52:15Z hsfa00 Foreign Affairs Committee House Standing Referred to 2006-07-27T01:52:14Z hsba00 Financial Services Committee House Standing Referred to 2006-07-27T01:52:13Z ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Reported original measure 2006-06-21T19:33:03Z Markup by 2006-03-30T23:11:39Z S. Rept. 109-264 2006-08-01 hsif17 Innovation, Data, and Commerce Subcommittee 1 House committee actions Referred to the Subcommittee on Commerce, Trade and Consumer Protection, for a period to be subsequently determined by the Chairman . Committee 2006-07-26 Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, and Energy and Commerce, 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 2006-07-26 Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, and Energy and Commerce, 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 2006-07-26 Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, and Energy and Commerce, 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 2006-07-26 Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, and Energy and Commerce, 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 2006-07-26 Senate Message on Senate action sent to the House. Floor 2006-07-26 17:27:33 Received in the House. Floor H14000 2 House floor actions 2006-07-26 Senate Passed Senate with an amendment by Unanimous Consent. (text: CR S8318-8321) Floor 2006-07-26 Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(text: CR S8318-8321) Floor 17000 9 Library of Congress 2006-07-26 Senate Measure laid before Senate by unanimous consent. (consideration: CR S8317-8321) Floor 2006-06-21 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 474. Calendars 2006-06-21 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Shelby. With written report No. 109-264. Committee 2006-06-21 Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Shelby. With written report No. 109-264. Committee 14000 9 Library of Congress ssbk00 Banking, Housing, and Urban Affairs Committee 2006-06-21 Introduced in Senate IntroReferral 10000 9 Library of Congress 2006-03-30 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure. Committee S000320 Sen. Shelby, Richard C. [R-AL] Richard Shelby R AL C. N 2006-05-03T04:00:00Z S. 3549, Foreign Investment and National Security Act of 2006 http://www.cbo.gov/publication/17759 <p>Cost estimate for the bill as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 30, 2006</p> 2006-05-03T04:00:00Z S. 3549, Foreign Investment and National Security Act of 2006 https://www.cbo.gov/publication/17759 Cost estimate for the bill as ordered reported by the Senate Committee on Banking, Housing, and Urban Affairs on March 30, 2006 Foreign Trade and International Finance Administrative procedure Armed Forces and National Security Arms control Arms control agreements Arms sales Civil Rights and Liberties, Minority Issues Civil actions and liability Commerce Congress Congress and foreign policy Congressional hearings Congressional oversight Corporate mergers Defense industries Delegation of powers Department of the Treasury Dubai Ports World aftermath legislation Energy Energy industries Energy supplies Executive reorganization Export controls Federal-state relations Foreign corporations Foreign investments Freedom of information Government Operations and Politics Government ownership Governmental investigations Infrastructure Infrastructure (Economics) International Affairs International competitiveness Law Nuclear nonproliferation Science, Technology, Communications Technology transfer Foreign Trade and International Finance 00 2006-06-21 Introduced in Senate 2006-09-25T19:22:02Z Foreign Investment and National Security Act of 2006 - Amends the Defense Production Act to revise provisions concerning presidential authority to review any mergers, acquisitions, or takeovers (transactions) that could result in foreign control of persons engaged in interstate commerce in the United States. Codifies the Committee on Foreign Investment in the United States (CFIUS) as a multi-agency committee, with the Secretary of the Treasury as the chairperson and the Secretary of Defense as the vice chairperson. Directs CFIUS to review any such transaction to determine its effect on national security, and to investigate whether the transaction could result in foreign control of any critical U.S. infrastructure with possible impairment to national security.

Requires CFIUS to provide assessments and classifications of foreign countries for use with its reviews and investigations. Authorizes the President, after a CFIUS review or investigation, to take appropriate action, including suspending or prohibiting a transaction.

Requires: (1) notification of certain members of Congress of a proposed or pending transaction that has come under review or investigation; and (2) an annual report from the Secretary of the Treasury to the congressional finance committees with respect to the preservation of the nation's defense production and critical infrastructure.

]]> 80 2006-06-21 Reported to Senate without amendment 2006-09-25T19:05:24Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Foreign Investment and National Security Act of 2006 - Amends the Defense Production Act of 1950 to revise provisions concerning presidential authority to review any mergers, acquisitions, or takeovers (transactions) that could result in foreign control of persons engaged in interstate commerce in the United States. Codifies the Committee on Foreign Investment in the United States (CFIUS) as a multi-agency committee, with the Secretary of the Treasury as the chairperson and the Secretary of Defense as the vice chairperson. Directs the Committee on Foreign Investment in the United States (CFIUS) to review any proposed or pending transaction to determine its effect on national security. Requires such reviews to be completed within 30 days, with one additional 30-day extension. Directs CFIUS, as part of such review, to investigate whether the transaction would result in foreign control of any critical U.S. infrastructure with possible impairment to national security. Requires CFIUS monitoring of withdrawn transactions.

Requires CFIUS to provide assessments and classifications of foreign countries, including their adherence to nonproliferation agreements, treaties, etc., for use with CFIUS reviews and investigations. Authorizes the President, after a CFIUS review or investigation, to take appropriate action, including suspending or prohibiting a transaction which would result in the control of any critical infrastructure or person engaged in interstate commerce in the United States by or with a foreign person or government, so that such control will not threaten to impair the national security. Permits the President to take such actions only upon finding credible evidence that the national security is threatened and other provisions of law do not protect the national interest. Outlines factors to be considered by the President before taking action, including: (1) potential effects on U.S. critical infrastructure or critical technologies; (2) domestic production needed for national defense; and (3) control of domestic industries and commercial activity by foreign persons.

Provides for the confidentiality of information.

Requires notification, by CFIUS, to certain members of Congress of a proposed or pending transaction that has come under review or investigation.

Requires an annual report from the Secretary of the Treasury to the congressional finance committees with respect to the preservation of the nation's defense production and critical infrastructure.

]]> 35 2006-07-26 Passed Senate amended 2006-09-25T19:03:28Z Foreign Investment and National Security Act of 2006 - Amends the Defense Production Act of 1950 to revise provisions concerning presidential authority to review any mergers, acquisitions, or takeovers (transactions) that could result in foreign control of persons engaged in interstate commerce in the United States. Codifies the Committee on Foreign Investment in the United States (CFIUS) as a multi-agency committee, with the Secretary of the Treasury as the chairperson and the Secretary of Defense as the vice chairperson. Directs the Committee on Foreign Investment in the United States (CFIUS) to review any proposed or pending transaction to determine its effect on national security. Requires such reviews to be completed within 30 days, with one additional 30-day extension. Directs CFIUS, as part of such review, to investigate whether the transaction would result in foreign control of any critical U.S. infrastructure with possible impairment to national security. Requires CFIUS monitoring of withdrawn transactions.

Requires CFIUS to provide assessments of foreign countries, including their adherence to nonproliferation agreements, treaties, etc., for use with CFIUS reviews and investigations. Authorizes the President, after a CFIUS review or investigation, to take appropriate action, including suspending or prohibiting a transaction which would result in the control of any critical infrastructure or person engaged in interstate commerce in the United States by or with a foreign person or government, so that such control will not threaten to impair the national security. Permits the President to take such actions only upon finding credible evidence that the national security is threatened and other provisions of law do not protect the national interest. Outlines factors to be considered by the President before taking action, including: (1) potential effects on U.S. critical infrastructure or critical technologies; (2) domestic production needed for national defense; and (3) control of domestic industries and commercial activity by foreign persons.

Provides for the confidentiality of information.

Requires notification, by CFIUS, to certain members of Congress of a proposed or pending transaction that has come under review or investigation.

Requires an annual report from the Secretary of the Treasury to the congressional finance committees with respect to the preservation of the nation's defense production and critical infrastructure.

]]> Foreign Investment and National Security Act of 2006 Display Title Foreign Investment and National Security Act of 2006 Short Titles as Introduced Foreign Investment and National Security Act of 2006 Short Titles as Reported to Senate Foreign Investment and National Security Act of 2006 S Senate Short Titles as Passed Senate Foreign Investment and National Security Act of 2006 S Senate Official Title as Introduced An original bill to amend the Defense Production Act of 1950 to strengthen Government review and oversight of foreign investment in the United States, to provide for enhanced Congressional Oversight with respect thereto, and for other purposes. 4703 109 SAMDT To make revisions to the bill. 2022-02-03T05:32:43Z 2006-07-26 Amendment SA 4703 agreed to in Senate by Unanimous Consent. SA 4703 https://www.congress.gov/amendment/109th-congress/senate-amendment/4703 S000320 Sen. Shelby, Richard C. [R-AL] Richard Shelby R AL C. 2006-07-26T04:00:00Z 2006-07-26T04:00:00Z Senate 109 S Senate S 3549 Foreign Investment and National Security Act of 2006 2023-01-13T04:50:38Z 6 2006-07-26 0 Senate Amendment SA 4703 agreed to in Senate by Unanimous Consent. Floor 2006-07-26 0 Senate Amendment SA 4703 proposed by Senator Shelby. (consideration: CR S8318; text: CR S8318) To make revisions to the bill. Floor 2006-07-26 Senate amendment proposed (on the floor): Amendment SA 4703 proposed by Senator Shelby.(consideration: CR S8318; text: CR S8318) Floor 93000 9 Library of Congress 2006-07-26 Senate amendment agreed to: Amendment SA 4703 agreed to in Senate by Unanimous Consent. Floor 94000 9 Library of Congress 2006-07-26 Senate amendment submitted Floor 91000 9 Library of Congress Referred in House 2006-07-26T04:00:00Z Engrossed in Senate 2006-07-26T04:00:00Z Reported to Senate 2006-06-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s3549rs/xml/BILLS-109s3549rs.xml 2006-08-01 Referred to the Subcommittee on Commerce, Trade and Consumer Protection, for a period to be subsequently determined by the Chairman . 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.