I 
109TH CONGRESS 
2D SESSION 
H. R. 4813 
To amend the Defense Production Act of 1950 to improve national security 
and clarify congressional intent with respect to the review process for 
certain mergers and acquisitions, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 28, 2006 
Mr. FOLEY (for himself, Mr. THOMPSON of Mississippi, Mr. BROWN of Ohio, 
Mrs. BONO, Mr. MCCOTTER, Mr. RUPPERSBERGER, Mr. FOSSELLA, Mr. 
BERRY, Mr. SAM JOHNSON of Texas, Mr. MICHAUD, Mr. WU, Mr. 
TIBERI, Mr. SHAYS, Mr. FEENEY, Mr. DAVIS of Tennessee, Mr. 
LOBIONDO, Mr. WOLF, Mr. RYAN of Wisconsin, Mr. WAMP, Mr. 
WEXLER, Mr. DEFAZIO, Mr. TERRY, Mr. HOLDEN, Mr. SIMMONS, Mr. 
SANDERS, Mr. ROSS, Mrs. EMERSON, Mr. BROWN of South Carolina, Mr. 
MCGOVERN, Ms. HARRIS, and Mr. DAVIS of Kentucky) introduced the 
following bill; which was referred to the Committee on Financial Services, 
and in addition to the Committees on Energy and Commerce and Inter-
national Relations, 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 
A BILL 
To amend the Defense Production Act of 1950 to improve 
national security and clarify congressional intent with 
respect to the review process for certain mergers and 
acquisitions, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘United States Security 
Improvement Act of 2006’’. 
SEC. 2. AMENDMENTS TO DEFENSE PRODUCTION ACT OF 
1950 RELATING TO MANDATORY INVESTIGA-
TIONS. 
Section 721(b) of the Defense Production Act of 
1950 (50 U.S.C. App. 2170(b)) is amended— 
(1) by redesignating paragraphs (1) and (2) as 
subparagraphs (A) and (B), respectively, and mov-
ing the left margin of such provisions 4 ems to the 
right; 
(2) by striking ‘‘MANDATORY
INVESTIGA-
TIONS.—The President’’ and inserting ‘‘MANDATORY 
INVESTIGATIONS.— 
‘‘(1) IN GENERAL.—The President’’; 
(3) by striking ‘‘that could affect the national 
security of the United States’’ at the end of the 1st 
sentence; 
(4) by inserting after the 1st sentence the fol-
lowing new paragraph: 
‘‘(2) PURPOSE OF INVESTIGATION.—The pur-
pose of a mandatory investigation under this section 
shall be to determine whether the merger, acquisi-
tion, or takeover referred to in paragraph (1) could 
affect the national security of the United States.’’; 
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(5) by striking ‘‘Such investigation shall—’’ 
and inserting the following: 
‘‘(3) TIMING
OF
INVESTIGATION.—Subject to 
paragraph (4), a mandatory investigation under this 
section shall—’’; and 
(6) by adding at the end the following new 
paragraph: 
‘‘(4) NOTICE AND WAIT REQUIREMENTS.— 
‘‘(A) NOTICE TO THE CONGRESS.— 
‘‘(i) IN
GENERAL.—Within 5 days 
after initiating a mandatory investigation 
under paragraph (1), the President or the 
President’s designee shall transmit a notice 
of the transaction being investigated to 
each House of the Congress. 
‘‘(ii) DISTRIBUTION.—Any notice re-
ceived under clause (i) shall be promptly 
transmitted to the appropriate committees 
of the House of Representatives and the 
Senate, including the Permanent Select 
Committee on Intelligence, the Committee 
on Homeland Security, and the Committee 
on Financial Services of the House of Rep-
resentatives and the Select Committee on 
Intelligence, the Committee on Homeland 
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Security and Governmental Affairs, and 
the Committee on Banking, Housing, and 
Urban Affairs of the Senate. 
‘‘(iii) CONTENTS
OF
NOTICE.—The 
notice shall include such details of the 
transaction as will enable committees of 
the House of Representatives and the Sen-
ate to deliberate on the transaction. 
‘‘(B) DELAYED
PERIOD
FOR
ACTION.— 
The President shall not make a determination 
to take action or not take action under sub-
section (d) with respect to a transaction for 
which notice to the Congress is required under 
subparagraph (A), other than to suspend the 
proposed transaction pending the outcome of 
the investigation, until 14 days after such no-
tice is transmitted to the Congress in accord-
ance with such subparagraph. 
‘‘(C) CONSIDERATION OF CONGRESSIONAL 
RESPONSE.—Any comments on the transaction 
provided by any committee of the House of 
Representatives or the Senate to which a notice 
was transmitted under subparagraph (A) shall 
be considered and taken into account by the 
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President in making any determination under 
this section.’’. 
Æ 
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