State-Owned Entity Transparency and Accountability Reform Act of 2016

Summary

State-Owned Entity Transparency and Accountability Reform Act of 2016 This bill amends the federal judicial code to allow U.S. courts to hear cases against a foreign state's corporate affiliates under the exception to foreign sovereign immunity that subjects a foreign state's commercial activities to the jurisdiction of U.S. courts. In determining whether a U.S. court has jurisdiction to hear a case based on the commercial activity of a foreign state, a commercial activity of an agency or instrumentality of a foreign state is attributable to any corporate affiliate of the agency or instrumentality that: (1) directly or indirectly owns a majority of shares of the agency or instrumentality, and (2) is also an agency or instrumentality of a foreign state.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 September 2016

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 September 2016

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• Introduced in Senate

  summary · EN · 14 September 2016

  Open at official source

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