HR 5337 PCS 
graph (1) containing the findings and conclusions of 
the Inspector General. 
(d) STUDY AND REPORT.— 
(1) STUDY REQUIRED.—Before the end of the 
120-day period beginning on the date of the enact-
ment of this Act, the Secretary of the Treasury, in 
consultation with the Secretary of State and the 
Secretary of Commerce, shall conduct a study on in-
vestments in the United States, especially invest-
ments in critical infrastructure and industries affect-
ing national security, by— 
(A) foreign governments, entities controlled 
by or acting on behalf of a foreign government, 
or persons of foreign countries which comply 
with any boycott of Israel; or 
(B) foreign governments, entities con-
trolled by or acting on behalf of a foreign gov-
ernment, or persons of foreign countries which 
do not ban organizations designated by the Sec-
retary of State as foreign terrorist organiza-
tions. 
(2) REPORT.—Before the end of the 30-day pe-
riod beginning upon completion of the study under 
paragraph (1) or in the next semi-annual report 
under section 721(m) of the Defense Production Act 
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of 1950 (as added by subsection (b)), the Secretary 
of the Treasury shall submit a report to the Con-
gress, for transmittal to all appropriate committees 
of the Senate and the House of Representatives, 
containing the findings and conclusions of the Sec-
retary with respect to the study, together with an 
analysis of the effects of such investment on the na-
tional security of the United States and on any ef-
forts to address those effects. 
SEC. 8. CERTIFICATION OF NOTICES AND ASSURANCES. 
Section 721 of the Defense Production Act of 1950 
(50 U.S.C. App. 2170) is amended by inserting after sub-
section (m) (as added by section 7(b) of this Act) the fol-
lowing new subsection: 
‘‘(n) CERTIFICATION
OF
NOTICES
AND
ASSUR-
ANCES.—Each notice required to be submitted, by a party 
to a covered transaction, to the President or the Presi-
dent’s designee under this section and regulations pre-
scribed under such section, and any information submitted 
by any such party in connection with any action for which 
a report is required pursuant to paragraph (3)(B)(ii) of 
subsection (l) with respect to the implementation of any 
mitigation agreement or condition described in paragraph 
(1)(A) of such subsection, or any material change in cir-
cumstances, shall be accompanied by a written statement 
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by the chief executive officer or the designee of the person 
required to submit such notice or information certifying 
that, to the best of the person’s knowledge and belief— 
‘‘(1) the notice or information submitted fully 
complies with the requirements of this section or 
such regulation, agreement, or condition; and 
‘‘(2) the notice or information is accurate and 
complete in all material respects.’’. 
SEC. 9. REGULATIONS. 
Section 721(h) of the Defense Production Act of 
1950 (50 U.S.C. App. 2170(h)) is amended to read as 
follows: 
‘‘(h) REGULATIONS.—The President shall direct the 
issuance of regulations to carry out this section. Such reg-
ulations shall, to the extent possible, minimize paperwork 
burdens and shall to the extent possible coordinate report-
ing requirements under this section with reporting re-
quirements under any other provision of Federal law.’’. 
SEC. 10. EFFECT ON OTHER LAW. 
Section 721(i) of the Defense Production Act of 1950 
(50 U.S.C. App. 2170(i)) is amended to read as follows: 
‘‘(i) EFFECT ON OTHER LAW.—No provision of this 
section shall be construed as altering or affecting any 
other authority, process, regulation, investigation, enforce-
ment measure, or review provided by or established under 
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any other provision of Federal law, including the Inter-
national Emergency Economic Powers Act, or any other 
authority of the President or the Congress under the Con-
stitution of the United States.’’. 
Passed the House of Representatives July 26, 2006. 
Attest: 
KAREN L. HAAS, 
Clerk. 
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Calendar No. 538 
109TH CONGRESS 
2D SESSION 
H. R. 5337 
AN ACT 
To ensure national security while promoting foreign 
investment and the creation and maintenance of 
jobs, to reform the process by which such invest-
ments are examined for any effect they may have 
on national security, to establish the Committee 
on Foreign Investment in the United States, and 
for other purposes. 
JULY 27 (legislative day, JULY 26), 2006 
Received; read twice and placed on the calendar 
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