U.S. National Security Protection Act of 2006
Latest action · Mar 7, 2006 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1837-1838)
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 SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
U.S. National Security Protection Act of 2006 - Revises the structure of the Committee on Foreign Investment in the United States (CFIUS) to: (1) add the Director of National Intelligence and the Director of Central Intelligence as members; (2) designate the Secretaries of Homeland Security and of Defense as vice chairs; and (3) require the President to establish a Subcommittee on Intelligence.
Amends the Defense Production Act of 1950 to charge the Subcommittee with the tasks of providing review and comment both before and after investigations authorized or required under the Act to determine the national security effects of mergers, acquisitions, and takeovers ("takeovers," for purposes of this Act) involving foreign persons or foreign government-controlled entities that could result in foreign control of persons engaged in interstate commerce.
Includes ownership, control, or operation of critical infrastructure as interstate commerce activity that could affect national security.
Requires certification by the President or by the chair of CFIUS (when CFIUS is acting as the President's designee) of a final determination not to proceed with an investigation by the President of a takeover action.
Requires persons controlled by or acting on behalf of a foreign government or person to notify the President (or the President's designee) in writing of any proposed takeover of critical infrastructure, providing information necessary to assess national security effects. Requires notice to Congress within 15 days of such notification and at the commencement of an investigation.
Requires the President to report quarterly to Congress on all takeovers that were subject to investigation or review during the quarter.
Makes CFIUS the President's designee for purposes of the takeover investigation provisions.
Cosponsors
Members who signed on, in the order they did.
Actions 3
Everything that happened, newest first.
- Mar 7, 2006Introduced in Senate
- Mar 7, 2006Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1837-1838)
- Mar 7, 2006Sponsor introductory remarks on measure. (CR S1835-1837)
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 5616 | National Infrastructure Improvement Act of 2006 | Text similarities | Jun 15, 2006 |
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
- Armed Forces and National Security
- Cabinet officers
- Central Intelligence Agency
- Commerce
- Congress
- Congress and foreign policy
- Congressional reporting requirements
- Corporate mergers
- Department of Defense
- Department of Homeland Security
- Director of National Intelligence
- Dubai Ports World aftermath legislation
- Executive reorganization
- Federal officials
- Foreign corporations
- Foreign investments
- Foreign Trade and International Finance
- Government Operations and Politics
- Government ownership
- Government paperwork
- Governmental investigations
- Infrastructure
- Infrastructure (Economics)
- International Affairs
- President and foreign policy
Text 1
Each version as it was printed, newest first.
- Mar 7, 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.