To amend the Defense Production Act of 1950 to prohibit acquisitions, mergers, or takeovers of persons engaged in interstate commerce in the United States by entities controlled by or acting on behalf of foreign governments that do not recognize countries that are member states of the United Nations, participate in boycotts against countries that are friendly to the United States, or provide support for international terrorism.
Latest action · Apr 21, 2006 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 7, 2006
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Defense Production Act of 1950 to require the President to prohibit any acquisition, merger, or takeover that will result in control of a person engaged in interstate commerce in the United States by an entity controlled by or acting on behalf of a foreign government that: (1) does not recognize any country that is a member of the United Nations (U.N.); (2) takes any action to support any boycott against a country that is friendly to the United States and that is not itself the object of any form of boycott pursuant to U.S. law or regulation; or (3) the Secretary of State has determined is a government that has repeatedly provided support for acts of international terrorism.
Cosponsors
Members who signed on, in the order they did.
Committees 3
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 7, 2006 |
| Domestic Monetary Policy and Technology Subcommittee | Referred Apr 21, 2006 | |
| House | Energy and Commerce Committee | Referred Mar 7, 2006 |
| Commerce, Manufacturing, and Trade Subcommittee | Referred Mar 17, 2006 | |
| House | Foreign Affairs Committee | Referred Mar 7, 2006 |
Actions 4
Everything that happened, newest first.
- Apr 21, 2006Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
- Mar 17, 2006Referred to the Subcommittee on Commerce, Trade and Consumer Protection, for a period to be subsequently determined by the Chairman.
- Mar 7, 2006Introduced in House
- Mar 7, 2006Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and International Relations, 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.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Defense Production Act of 1950 to prohibit acquisitions, mergers, or takeovers of persons engaged in interstate commerce in the United States by entities controlled by or acting on behalf of foreign governments that do not recognize countries that are member states of the United Nations, participate in boycotts against countries that are friendly to the United States, or provide support for international terrorism.
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
- Armed Forces and National Security
- Boycott
- Commercial blacklisting
- Corporate mergers
- Crime and Law Enforcement
- Dubai Ports World aftermath legislation
- Foreign corporations
- Foreign investments
- Foreign Trade and International Finance
- Government corporations
- Government Operations and Politics
- Government ownership
- International Affairs
- President and foreign policy
- Recognition (International law)
- Sanctions (International law)
- State-sponsored terrorism
- Terrorism
- United Nations
Text 1
Each version as it was printed, newest first.
- Mar 7, 2006Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.