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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1243 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1243

To prohibit any foreign person from acquiring, directly or indirectly, 
    Allison Transmission, a division of General Motors Corporation.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             March 4, 1993

 Mr. Torricelli (for himself, Mr. Burton of Indiana, Mr. Pallone, Mr. 
   Gilman, and Mr. Murphy) introduced the following bill; which was 
  referred jointly to the Committees on Energy and Commerce, Banking, 
             Finance and Urban Affairs, and Foreign Affairs

_______________________________________________________________________

                                 A BILL

 
To prohibit any foreign person from acquiring, directly or indirectly, 
    Allison Transmission, a division of General Motors Corporation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. FINDINGS.

    The Congress finds that--
            (1) the M1 tank program is critical to the United States 
        Armed Forces;
            (2) the importance of the M1 tank program, in particular, 
        was demonstrated most recently during Operation Desert Storm;
            (3) a foreign manufacturer of transmissions has proposed to 
        acquire Allison Transmission, a division of General Motors 
        Corporation that is the sole provider of high technology 
        transmissions equipment for the M1 tank program;
            (4) this acquisition would force the United States Army to 
        rely on a foreign source for such critical equipment; and
            (5) the sale or other transfer to a foreign person of a 
        United States business concern that is critical to the defense 
        industrial base of the United States would be detrimental to 
        the national security interests of the United States.

SEC. 2. PROHIBITION ON ACQUISITION.

    (a) Prohibition.--Notwithstanding any other provision of law or any 
agreement to the contrary, no foreign person shall acquire, directly or 
indirectly, ownership or control of Allison Transmission, a division of 
General Motors Corporation.
    (b) Enforcement.--The Attorney General shall seek appropriate 
relief, including injunctive or divestment relief, in the district 
courts of the United States in order to carry out this section.

SEC. 3. DEFINITIONS.

    As used in this Act, the term ``foreign person'' means--
            (1) an individual who is not a citizen of the United States 
        or an alien admitted for permanent residence to the United 
        States;
            (2) a corporation, partnership, or other nongovernment 
        entity which is created or organized under the laws of a 
        foreign country or which has its principal place of business 
        outside the United States; and
            (3) a foreign state as defined in section 1603 of title 28, 
        United States Code.

                                 <all>
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