Safe Foreign Investments Act of 2006

Summary

Safe Foreign Investments Act of 2006 - Amends the Defense Production Act of 1950 to direct the President or his designee, no later than seven days before the completion of an investigation of a proposed or pending merger, acquisition, or takeover (transaction) that could affect persons engaged in commerce in the United States or the national security, and before any such determination becomes effective, to submit to the congressional homeland security committees a draft report of its findings. Requires mandatory investigations of a transaction involving an entity controlled by or acting on behalf of a foreign person other than a foreign government only in the case in which the transaction involves critical infrastructure and could affect U.S. national security. States that the President's designee, for purposes of such investigations, shall be the Committee on Foreign Investment in the United States (CFIUS).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 16 March 2006

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 16 March 2006

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 16 March 2006

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.