Port Operations Require Tough Scrutiny (PORTS) Act of 2006

Summary

Port Operations Require Tough Scrutiny (PORTS) Act of 2006 - Amends the Defense Production Act of 1950 relating to investigations of proposed corporate mergers, acquisitions, or takeovers (transactions) in the United States by a foreign interest which could affect U.S. national security to: (1) extend from 30 to 60 days after notification of the proposed transaction the period in which such investigation must be commenced by the President, if it is determined that there should be an investigation; and (2) allow an extension of such deadline by up to ten additional days if determined appropriate. Requires the investigation of a transaction which could result in foreign control of a person engaged in interstate commerce in the United States that could affect U.S. critical infrastructure. States with respect to certain mandatory investigations that if the President determines that the transaction should be approved or does not otherwise object to the transaction and the President does not suspend or prohibit such transaction, then the President, within 30 days after such decision, shall notify Congress of the decision. Allows Congress 45 days after such notification to enact into law a joint resolution disapproving the decision of the President and requiring the President to prohibit the proposed transaction, or, if the transaction has been completed, directing the Attorney General to seek divestment. Requires annual reports from the President to the congressional homeland security and intelligence committees on actions taken with regard to such investigations. Directs the Commissioner of the Bureau of Customs and Border Protection of the Department of Homeland Security (DHS) to: (1) verify on-site the security measures of each individual and entity participating in the Customs-Trade Partnership Against Terrorism (C-TPAT) program and the Free And Secure Trade (FAST) program; and (2) establish policies for non-compliance with requirements of the C-TPAT program, including probation and expulsion.

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Timeline

1. 28 February 2006

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, International Relations, and Homeland Security, 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.

   Source: IntroReferral

2. 28 February 2006

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, International Relations, and Homeland Security, 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.

   Source: IntroReferral

3. 28 February 2006

   Introduced

   Sponsor introductory remarks on measure. (CR E225-226)

   Source: IntroReferral

4. 28 February 2006

   Introduced

   Introduced in House

   Source: IntroReferral

5. 28 February 2006

   Introduced

   Introduced in House

   Source: IntroReferral

6. 7 March 2006

   Referred

   Referred to the Subcommittee on Economic Security, Infrastructure Protection, and Cybersecurity.

   Source: Committee

7. 17 March 2006

   Referred

   Referred to the Subcommittee on Commerce, Trade and Consumer Protection, for a period to be subsequently determined by the Chairman.

   Source: Committee

8. 21 March 2006

   Referred

   Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 February 2006 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 February 2006

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 February 2006

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 28 February 2006

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Markey, Edward J. [D-MA] · D · Sponsor
• Rep. Emanuel, Rahm [D-IL-5] · D · Cosponsor
• Rep. Allen, Thomas H. [D-ME-1] · D · Cosponsor
• Sen. Sanders, Bernard [I-VT] · I · Cosponsor
• Rep. McDermott, Jim [D-WA-7] · D · Cosponsor
• Rep. Filner, Bob [D-CA-51] · D · Cosponsor
• Rep. Delahunt, William D. [D-MA-10] · D · Cosponsor
• Rep. Capuano, Michael E. [D-MA-8] · D · Cosponsor
• · hsba00 · Standing
• · hsif00 · Standing
• · hshm00 · Standing
• · hsfa00 · Standing

Related records

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