Foreign Investment and Technology Control Act

Summary

Foreign Investment and Technology Control Act - Title I: Foreign Investment Controls - Authorizes the President to prohibit any person within the jurisdiction of the United States from engaging in any transaction involving a direct or indirect transfer of capital to or within any foreign country or to any national thereof when in the judgment of the President the transfer would result in a net decrease in employment in the United States. Title II: Technology Export Controls - Authorizes the President to prohibit any holder of a United States patent from manufacturing the patented product or using the patented process, or from licensing others to manufacture the patented product or using the patented process, outside the territory of the United States when in the judgement of the President such prohibition will contribute to increased employment in the United States.

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1 official file

• Introduced in Senate

  summary · EN · 18 January 1973

  Open at official source

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