Foreign Investment and National Security Act of 2007

Summary

National Security Foreign Investment Reform and Strengthened Transparency Act of 2007 - Amends the Defense Production Act of 1950 (DPA) to direct the President, upon receiving written notification of a possible merger, acquisition, or takeover which could result in foreign control of any person engaged in interstate commerce (covered transaction), or upon a motion of the President, the Committee on Foreign Investment in the United States (CFIUS), or a committee member, to review such covered transaction to determine its effects on national security. Requires CFIUS to investigate a covered transaction which it determines is a foreign government-controlled transaction. Directs the President to conduct an investigation of the effects of certain covered transactions on national security and to take any necessary steps to protect national security. Requires any review or investigation of a covered transaction to be approved by a majority roll call vote of CFIUS members and be signed by the Secretaries of the Treasury, Homeland Security, and Commerce. Requires the Director of National Intelligence to conduct an analysis of any threat to national security posed by a covered transaction. Establishes CFIUS as a multi-agency statutory committee and revises the membership of such committee. Makes the consideration of specified factors in evaluating a covered transaction mandatory (currently, discretionary with the President). Adds to the list of such factors. Authorizes CFIUS to: (1) enter into agreements with parties to a covered transaction to mitigate any threat to national security; and (2) designate a lead federal agency to negotiate, modify, monitor, and enforce such agreements. Establishes a method of tracking covered transactions which are withdrawn from the review or investigation process and a process for setting interim protections to address specific national security concerns relating to such transactions. Requires the Secretary of the Treasury to study investments in the United States, especially investments in critical infrastructure and industries affecting national security by foreign governments or their agents which comply with any boycott of Israel or which do not ban foreign terrorist organizations.

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

Timeline

1. 18 January 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, 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. 18 January 2007

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, 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. 18 January 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 18 January 2007

   Introduced

   Introduced in House

   Source: IntroReferral

5. 2 February 2007

   Referred

   Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

   Source: Committee

6. 13 February 2007

   Reported

   Ordered to be Reported (Amended) by Voice Vote.

   Source: Committee

7. 13 February 2007

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

8. 14 February 2007

   Reported

   Ordered to be Reported (Amended) by Voice Vote.

   Source: Committee

9. 14 February 2007

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

10. 16 February 2007

    Passed

    Mr. Frank (MA) asked unanimous consent that the Committee on Financial Services have until midnight on Feb. 23 to file a report on H.R. 556. Agreed to without objection.

    Source: Committee

11. 23 February 2007

    Calendars

    Placed on the Union Calendar, Calendar No. 9.

    Source: Calendars

12. 23 February 2007

    Discharge

    Committee on Energy and Commerce discharged.

    Source: Discharge

13. 23 February 2007

    Committee

    Committee on Energy and Commerce discharged.

    Source: Committee

14. 23 February 2007

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 110-24, Part I.

    Source: Committee

15. 23 February 2007

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 110-24, Part I.

    Source: Committee

16. 27 February 2007

    Reported

    Rules Committee Resolution H. Res. 195 Reported to House. Rule provides for consideration of H.R. 556 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.

    Source: Floor

17. 28 February 2007

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

18. 28 February 2007

    Vote

    On passage Passed by recorded vote: 423 - 0 (Roll no. 110).

    Source: Floor

19. 28 February 2007

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 423 - 0 (Roll no. 110).

    Source: Floor

20. 28 February 2007

    Vote

    On motion to recommit with instructions Failed by recorded vote: 193 - 229 (Roll no. 109).

    Source: Floor

21. 28 February 2007

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2008)

    Source: Floor

22. 28 February 2007

    Floor

    Mr. Neugebauer moved to recommit with instructions to Financial Services. (consideration: CR H2007-2009; text: CR H2007-2008)

    Source: Floor

23. 28 February 2007

    Passed

    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

    Source: Floor

24. 28 February 2007

    Floor

    The previous question was ordered pursuant to the rule. (consideration: CR H2007)

    Source: Floor

25. 28 February 2007

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 556.

    Source: Floor

26. 28 February 2007

    Floor

    Rule provides for consideration of H.R. 556 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.

    Source: Floor

27. 28 February 2007

    Floor

    The Speaker designated the Honorable Ed Pastor to act as Chairman of the Committee.

    Source: Floor

28. 28 February 2007

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 195 and Rule XVIII.

    Source: Floor

29. 28 February 2007

    Reported

    Considered under the provisions of rule H. Res. 195. (consideration: CR H1987-2010; text of measure as reported in House: CR H1994-1997)

    Source: Floor

30. 28 February 2007

    Passed

    Rule H. Res. 195 passed House.

    Source: Floor

31. 1 March 2007

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

32. 29 June 2007

    Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S8755)

    Source: Floor

33. 29 June 2007

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

    Source: Floor

34. 29 June 2007

    Discharge

    Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

    Source: Discharge

35. 29 June 2007

    Committee

    Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

    Source: Committee

36. 10 July 2007

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the chair announced that further proceedings on the motion would be postponed.

    Source: ResolvingDifferences

37. 10 July 2007

    Floor

    DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendment to H.R. 556.

    Source: Floor

38. 10 July 2007

    ResolvingDifferences

    Mrs. Maloney (NY) moved that the House suspend the rules and agree to the Senate amendment.

    Source: ResolvingDifferences

39. 11 July 2007

    Action

    Cleared for White House.

40. 11 July 2007

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

41. 11 July 2007

    Vote

    On motion that the House suspend the rules and agree to the Senate amendment Agreed to by the Yeas and Nays: (2/3 required): 370 - 45 (Roll no. 614). (consideration: CR H7558-7559; text as House agreed to Senate amendment: CR H7452-7455)

    Source: ResolvingDifferences

42. 11 July 2007

    Vote

    Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by the Yeas and Nays: (2/3 required): 370 - 45 (Roll no. 614).(consideration: CR H7558-7559; text as House agreed to Senate amendment: CR H7452-7455)

    Source: NotUsed

43. 18 July 2007

    Floor

    Presented to President.

    Source: Floor

44. 18 July 2007

    President

    Presented to President.

    Source: President

45. 26 July 2007

    Became law

    Became Public Law No: 110-49.

    Source: President

46. 26 July 2007

    Became law

    Signed by President.

    Source: BecameLaw

47. 26 July 2007

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

• Enrolled Bill · undated · Official file
• Public Law · 26 July 2007 · Official file
• Engrossed Amendment Senate · 3 July 2007 · Official file
• Referred in Senate · 1 March 2007 · Official file
• Engrossed in House · 28 February 2007 · Official file
• Reported in House · 23 February 2007 · Official file
• Introduced in House · 18 January 2007 · Official file

Documents

19 official files

• Enrolled Bill (text)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Enrolled Bill (PDF)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Public Law (text)

  Public Law · EN · 26 July 2007

  ViewDownloadOpen at official source

• Public Law (PDF)

  Public Law · EN · 26 July 2007

  ViewDownloadOpen at official source

• Public Law

  summary · EN · 26 July 2007

  Open at official source

• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN · 3 July 2007

  ViewDownloadOpen at official source

• Engrossed Amendment Senate (PDF)

  Engrossed Amendment Senate · EN · 3 July 2007

  ViewDownloadOpen at official source

• Passed Senate amended

  summary · EN · 29 June 2007

  Open at official source

• Referred in Senate (text)

  Referred in Senate · EN · 1 March 2007

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 1 March 2007

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 28 February 2007

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 28 February 2007

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 28 February 2007

  Open at official source

• Reported in House (text)

  Reported in House · EN · 23 February 2007

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 23 February 2007

  ViewDownloadOpen at official source

• Reported to House amended, Part I

  summary · EN · 23 February 2007

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 18 January 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 January 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 January 2007

  Open at official source

Sponsors

• CAROLYN MALONEY · D · Sponsor
• Rep. Pryce, Deborah [R-OH-15] · R · Sponsor
• JOSEPH CROWLEY · D · Sponsor
• Sen. Blunt, Roy [R-MO] · R · Sponsor
• Rep. Frank, Barney [D-MA-4] · D · Sponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
• LUIS GUTIERREZ · D · Sponsor
• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• Rep. Ackerman, Gary L. [D-NY-7] · D · Sponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Bean, Melissa L. [D-IL-8] · D · Sponsor
• Rep. Biggert, Judy [R-IL-13] · R · Sponsor
• Emanuel Cleaver · D · Sponsor
• ELIJAH CUMMINGS · D · Sponsor
• Rep. Fossella, Vito [R-NY-13] · R · Sponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. Gillmor, Paul E. [R-OH-5] · R · Sponsor
• Al Green · D · Sponsor
• Rep. Hinojosa, Ruben [D-TX-15] · D · Sponsor
• Rep. Hooley, Darlene [D-OR-5] · D · Sponsor
• PETER KING · R · Sponsor
• Rep. Klein, Ron [D-FL-22] · D · Sponsor
• JAMES LANGEVIN · D · Sponsor
• Rep. Lynch, Stephen F. [D-MA-8] · D · Sponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Sponsor
• Rep. McCotter, Thaddeus G. [R-MI-11] · R · Sponsor
• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Rep. Miller, Gary G. [R-CA-31] · R · Sponsor
• Rep. Moore, Dennis [D-KS-3] · D · Sponsor
• Gwen Moore · D · Sponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Sponsor
• Rep. Reynolds, Thomas M. [R-NY-26] · R · Sponsor
• ILEANA ROS-LEHTINEN · R · Sponsor
• David Scott · D · Sponsor
• LAMAR SMITH · R · Sponsor
• David Reichert · R · Sponsor
• Rep. Watson, Diane E. [D-CA-33] · D · Sponsor
• Rep. Hoekstra, Peter [R-MI-2] · R · Cosponsor
• Rep. McCarthy, Carolyn [D-NY-4] · D · Cosponsor
• Rep. Matheson, Jim [D-UT-4] · D · Cosponsor
• Bennie Thompson · D · Cosponsor
• WM. CLAY · D · Cosponsor
• Rep. Israel, Steve [D-NY-3] · D · Cosponsor
• JOE BARTON · R · Cosponsor
• Rep. Watt, Melvin L. [D-NC-12] · D · Cosponsor
• Rep. Harman, Jane [D-CA-36] · D · Cosponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Rep. Brown-Waite, Ginny [R-FL-5] · R · Cosponsor

Showing 48 of 63 sponsors and actors.

Related records

• related to → Providing for the consideration of the bill (H.R. 556) to ensure national security while promoting foreign investment and the creation and maintenance of jobs, to reform the process by which such investments are examined for any effect they may have on national security, to establish the Committee on Foreign Investment in the United States, and for other purposes.
• related to ← Foreign Investment and National Security Act of 2007