Foreign Investment Security Improvement Act of 2006
Latest action · Feb 27, 2006 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1507-1508)
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.
- IntroducedFeb 27, 2006
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Foreign Investment Security Improvement Act of 2006 - Directs the President (or the President's designee) to investigate, under the Defense Production Act of 1950, the acquisition by Dubai Ports World (DP World), an entity owned or controlled by the Emirate of Dubai, of the Peninsular and Oriental (P&O) Steam Navigation Company, a national of the United Kingdom. Requires such investigation to be completed within 45 days after enactment of this Act.
Directs the President to suspend any decision, under provisions of the Defense Production Act of 1950 permitting the President to stop the acquisition because it will impair national security, with respect to such acquisition made before the completion of the investigation, including any decision made before enactment of this Act.
Specifies requirements for the investigation.
Requires the President to: (1) report to Congress within 15 days after completion of the investigation; and (2) provide certain Members of Congress a detailed briefing on the contents of the report.
Requires the President to take action necessary to prohibit the acquisition if the President does not stop the acquisition under the provisions of the Defense Production Act of 1950 permitting the President to stop the acquisition because it will impair national security if a joint resolution of disapproval is enacted into law within 30 days after Congress receives a report from the President that an acquisition will not be stopped. Requires, if such acquisition has been already been completed, the President to direct the Attorney General to seek divestment or other appropriate relief in US district courts.
Cosponsors 23
Members who signed on, in the order they did. Signatures ran from Feb 27, 2006 to Mar 6, 2006; 12 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MD | Barbara A. Mikulski | Original | Feb 27, 2006 |
| D-CA | Barbara Boxer | Original | Feb 27, 2006 |
| D-NJ | Frank R. Lautenberg | Original | Feb 27, 2006 |
| D-NY | Hillary Rodham Clinton | Original | Feb 27, 2006 |
| D-RI | Jack Reed | Original | Feb 27, 2006 |
| R-MN | Norm Coleman | Original | Feb 27, 2006 |
| R-ME | Olympia J. Snowe | Original | Feb 27, 2006 |
| D-IL | Richard J. Durbin | Original | Feb 27, 2006 |
| R-PA | Rick Santorum | Original | Feb 27, 2006 |
| D-NJ | Robert Menendez | Original | Feb 27, 2006 |
| R-ME | Susan M. Collins | Original | Feb 27, 2006 |
| R-OK | Tom Coburn | Original | Feb 27, 2006 |
| D-FL | Bill Nelson | Feb 28, 2006 | |
| D-HI | Daniel K. Akaka | Feb 28, 2006 | |
| D-SD | Tim Johnson | Feb 28, 2006 | |
| D-VT | Patrick J. Leahy | Mar 1, 2006 | |
| D-CT | Christopher J. Dodd | Mar 2, 2006 | |
| D-CA | Dianne Feinstein | Mar 2, 2006 | |
| D-WI | Herb Kohl | Mar 2, 2006 | |
| D-WI | Russell D. Feingold | Mar 2, 2006 | |
| D-AR | Blanche L. Lincoln | Mar 6, 2006 | |
| D-MI | Debbie Stabenow | Mar 6, 2006 | |
| D-IA | Tom Harkin | Mar 6, 2006 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Feb 27, 2006 |
Actions 3
Everything that happened, newest first.
- Feb 27, 2006Introduced in Senate
- Feb 27, 2006Sponsor introductory remarks on measure. (CR S1506-1507)
- Feb 27, 2006Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1507-1508)
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S2117 | Rick Santorum R-PA | Mar 14, 2006 |
| Senate | Debate and remarks S1492, S1493, S1506Text printed S1507 | Charles E. Schumer D-NY (text) | Feb 27, 2006 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4807 | Foreign Investment Security Improvement Act of 2006 | Related bill | Mar 21, 2006 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to require an investigation under the Defense Production Act of 1950 of the acquisition by Dubai Ports World of the Peninsular and Oriental Steam Navigation Company, and for other purposes.
- Short Titles as Introduced
- Foreign Investment Security Improvement Act of 2006
- Popular Titles
- Dubai Ports World bill
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
- Armed Forces and National Security
- Civil actions and liability
- Commerce
- Congress
- Congressional oversight
- Congressional reporting requirements
- Congressional veto
- Congressional-executive relations
- Corporate divestiture
- Corporate mergers
- Corporation directors
- Crime and Law Enforcement
- Criminal justice information
- Dubai Ports World aftermath legislation
- Federal advisory bodies
- Foreign corporations
- Foreign investments
- Foreign Trade and International Finance
- Government corporations
- Government Operations and Politics
- Government ownership
- Governmental investigations
- Identification of criminals
- Infrastructure
- International Affairs
- Labor and Employment
- Law
- Legislative resolutions
- Marine safety
- Marine terminals
- Middle East and North Africa
- Personnel records
- President and foreign policy
- Private police
- Security measures
- Terrorism
- Transportation and Public Works
- United Arab Emirates
Text 1
Each version as it was printed, newest first.
- Feb 27, 2006Introduced in Senate
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.