Multinational Business Enterprise Information Act

Summary

Multinational Business Enterprise Information Act - Directs the Secretary of Commerce to establish a program to gather information on the investments, sales, employment, research funds, and branch and affiliate location of multinational business enterprises whose aggregate assets exceed $50,000,000. Requires that such information cover the two years preceding the date of submission. Defines "multinational business enterprise" and "United States business enterprise" under this Act. Directs the Secretary: (1) to publish such information, and statistical data derived from such information; and (2) to make such information available to the Adjustment Assistance Coordinating Committee, the International Trade Commission, and any committee of the House of Representatives or the Senate. Authorizes the Secretary to prescribe rules and regulations to carry out the purposes of this Act. Authorizes the appropriation of such sums as may be necessary to carry out this Act. Imposes a fine of $10,000 for failure to furnish information required under this Act. Permits the Secretary to bring a civil action under this Act seeking a mandatory injunction to command compliance with this Act. Imposes a fine of $10,000 or not more than one year imprisonment or both for willful violation of this Act.

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

1 official file

• Introduced in Senate

  summary · EN · 16 March 1976

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.