Foreign Investment Study Act

Summary

Foreign Investment Study Act - Directs the Secretary of the Treasury and the Secretary of Commerce to conduct a comprehensive, overall study of foreign direct and portfolio investments in the United States. Authorizes the Secretary of Commerce to carry out that part of the study relating to foreign direct investment, and to specifically: (1) investigate and review the nature, scope, magnitude, and rate of foreign direct investment activities in the United States; (2) survey the reasons foreign firms are undertaking direct investment in the United States; and (3) identify the processes and mechanisms through which foreign direct investment flows into the United States, the financing methods used by foreign direct investors, and the effects of such financing on American financial markets. Authorizes the Secretary of the Treasury to carry out that part of the study relating to foreign portfolio investment, and to specifically: (1) investigate and review the nature, scope, and magnitude of foreign portfolio investment activities in the United States; (2) survey the reasons for foreign portfolio investment in the United States; and (3) identify the processes and mechanisms through which foreign portfolio investment is made in the United States, the financing methods used, and the effects of foreign portfolio investment on American financial markets. Authorizes the Secretary of Commerce and the Secretary of the Treasury to use the available services, equipment, personnel, and facilities of any agency or instrumentality of the Federal Government in conjunction with the study authorized in this Act. Authorizes appropriations of up to $3,000,000 to carry out the purposes of this Act.

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1 official file

• Introduced in House

  summary · EN · 19 June 1974

  Open at official source

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