United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2005-10-06 monographic deposited born digital 17 p. GA 1.13:GAO-06-135T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-135T P0b002ee1803a1fb6 f:d06135t DGPO 2010-08-12 2011-03-23 GAOREPORTS-GAO-06-135T machine generated eng fdlp REPORT GAOREPORTS-GAO-06-135T GAO-06-135T Congressional oversight Corporate mergers Federal law Foreign corporations Foreign investments in US Foreign policies Homeland security International economic relations National policies Testimony A39157 The 1988 Exon-Florio amendment to the Defense Production Act authorizes the President to suspend or prohibit foreign acquisitions of U.S. companies that may harm national security, an action the President has taken only once. Implementing Exon-Florio can pose a significant challenge because of the need to weigh security concerns against U.S. open investment policy--which requires equal treatment of foreign and domestic investors. Exon-Florio's investigative authority was delegated to the Committee on Foreign Investment in the United States (Committee)--an interagency committee established in 1975 to monitor and coordinate U.S. policy on foreign investments. In September 2002, GAO reported on weaknesses in the Committee's implementation of Exon-Florio. This review further examined the Committee's implementation of Exon-Florio. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-135T/html/GAOREPORTS-GAO-06-135T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-135T/pdf/GAOREPORTS-GAO-06-135T.pdf GAO-06-135T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-135T Testimony GAO-06-135T; Defense Trade: Implementation of Exon-Florio; Congressional oversight Corporate mergers Federal law Foreign corporations Foreign investments in US Foreign policies Homeland security International economic relations National policies