Reciprocity and Fairness in Foreign Investment Act
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.
- IntroducedJul 14, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- 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.
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 Jul 14, 2009 |
| House | Foreign Affairs Committee | Referred Jul 14, 2009 |
| House | Energy and Commerce Committee | Referred Jul 14, 2009 |
| Commerce, Manufacturing, and Trade Subcommittee | Referred Jul 15, 2009 |
Actions 6
Everything that happened, newest first.
- Jul 15, 2009Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
- Jul 14, 2009Introduced in House
- Jul 14, 2009Referred to House Financial Services
- Jul 14, 2009Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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.
- Jul 14, 2009Referred to House Foreign Affairs
- Jul 14, 2009Referred to House Energy and Commerce
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To impose limitations on investment and certain operations by foreign entities in the United States.
- Short Titles as Introduced
- Reciprocity and Fairness in Foreign Investment Act
Subjects
Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.
Text 1
Each version as it was printed, newest first.
- Jul 14, 2009Introduced 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.
