International Investment Survey Act of 1976

Summary

International Investment Survey Act - Declares that the purpose of this Act is to provide clear and unambiguous authority to the Secretary of Commerce to collect information on foreign investment in the United States and United States investment abroad and to provide analysis of such information to the Congress, the Executive and the general public. Authorizes and directs the Secretary to periodically conduct comprehensive and timely studies of foreign direct and portfolio investments in the United States and of direct and portfolio investments overseas by United States investors. Provides that in carrying out such studies the Secretary shall conduct and secure information from representatives of industry, the financial community, foreign governments, international organizations and other groups. Specifies areas for such studies including investment activities in the United States and United States investments abroad, the reasons for such investments, and the scope and significance of foreign direct investment in acquisition and takeovers of existing American enterprises. Authorizes the Secretary to establish whatever rules he deems necessary to carry out his functions under this Act. Allows the Secretary to require any person subject to the jurisdiction of the United States to: (1) maintain records germane to such investment studies; and (2) to furnish under oath any report containing information the Secretary determines is necessary to carry out such studies. Provides for limited access to such reports given under oath and specifies those individuals who may have access to such information. Allows the Secretary to seek injunctive relief against any individual to comply with the provisions of this Act and imposes a $10,000 civil penalty for failure to provide required information or failure to comply with any regulation promulgated under this Act. States that any individual convicted of willfully failing to provide required information or willfully violating any regulation promulgated under this Act shall be fined not more than $10,000 or be imprisoned for not more than one year or both. Authorizes appropriations of such sums as may be necessary to carry out the provisions of this Act.

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Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 12 October 1976

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• Reported to House with amendment(s)

  summary · EN · 9 September 1976

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• Introduced in Senate

  summary · EN · 19 December 1975

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