HR 3196 · 111th Congress 2009–2011, ended

Reciprocity and Fairness in Foreign Investment Act

Introduced Jul 14, 2009 Originated House Sponsor Michael R. Turner R-OH

Fact sheet

Latest action · Jul 15, 2009 Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

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.

  1. IntroducedJul 14, 2009
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Reciprocity and Fairness in Foreign Investment Act - Permits a foreign person owned, in whole or in part, or controlled by a foreign government to acquire ownership in either a business, or in real property in the United States, but only to the same extent as that foreign government allows U.S. persons to acquire ownership in comparable enterprises organized under the laws of that foreign country.

Subjects investment and operation of critical infrastructure in the United States by such a foreign person to the same reciprocity requirements.

Directs the Secretary of the Treasury to issue implementing regulations.

Establishes civil penalties for violations of this Act.

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Actions 6

Everything that happened, newest first.

  1. Jul 15, 2009Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
  2. Jul 14, 2009Introduced in House
  3. Jul 14, 2009Referred to House Energy and Commerce
  4. Jul 14, 2009Referred to House Financial Services
  5. Jul 14, 2009Referred to House Foreign Affairs
Show all 6 actions

Subjects

Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.

Text 1

Each version as it was printed, newest first.

  1. Jul 14, 2009Introduced in House

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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.