To prevent foreign persons from owning national landmarks and areas included in the National Park System.

Summary

Prohibits: (1) a foreign person from holding interests in a national landmark representing more than 50 percent of the value of it; and (2) the Secretary of the Interior from transferring any U.S. right, title, or interest in or to an area of land or water included in the National Park System if, as a result of the transfer, such right, title, or interest would be held directly or indirectly by a foreign person. Requires a foreign person to register an investment with the Chairman of a corporation if such investment results in them becoming a five percent shareholder in such corporation that directly or indirectly holds a national landmark. Applies a similar rule to interests in any entity other than a corporation.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 6 November 1991

  Open at official source

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