Foreign Investment in the United States Act

Summary

Foreign Investment in the United States Act - Creates a Committee on Foreign Investment in the United States. States which executive departments and independent regulatory bodies shall be represented on such Committee. Directs the Committee to monitor the impact of foreign investment, both direct and portfolio, in the United States and to coordinate the implementation of the United States policy on such investment, which task includes providing guidance on arrangements with foreign governments and enterprises for advance consultation on prospective major investments in the United States. Makes provisions for the collection and use of data on foreign investment in the United States by the Secretary of Commerce. Requires the Committee to submit recommendations and analyses to the National Security Council and to the Economic Policy Board. Directs the Committee to submit to Congress an annual report on its activities and recommendations for legislation. Lists information and assistance that is to be rendered to the Committee by the Securities and Exchange Commission, the Department of the Treasury, the Department of Justice, and the Federal Trade Commission. Authorizes the Secretary of the Treasury to pay any expenses directly incurred by the Secretary of Commerce from the Exchange Stabilization Fund.

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1 official file

• Introduced in House

  summary · EN · 10 June 1976

  Open at official source

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