United States Security Improvement Act of 2006

Bill: 109-hr-4813
Sponsor: Rep. Foley, Mark [R-FL-16]
Introduced: 2006-02-28 in the House
Policy area: Foreign Trade and International Finance
Subjects: Armed Forces and National Security
Commerce
Congress
Congressional oversight
Congressional reporting requirements
Congressional-executive relations
Corporate mergers
Crime and Law Enforcement
Dubai Ports World aftermath legislation
Foreign corporations
Foreign investments
Government Operations and Politics
Government corporations
Government ownership
Governmental investigations
International Affairs
Terrorism

Summary:
action_date: 2006-02-28
text: 
United States Security Improvement Act of 2006 - Amends the Defense Production Act of 1950 to state that the purpose of a mandatory investigation of a proposed corporate merger, acquisition, or takeover (transaction) undertaken under such Act is to determine whether the acquisition could affect U.S. national security. Directs the President, within five days after initiating a mandatory investigation, to notify each House of Congress of the transaction being investigated. Requires such notice to be promptly transmitted to specified congressional committees. Prohibits the President from taking any action regarding a transaction under investigation until 14 days after congressional notification. Requires the President to consider and take into account any comments on the transaction provided by any congressional committee.


Legislative actions:
action_date: 2006-03-21
text: Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
action_date: 2006-03-17
text: Referred to the Subcommittee on Commerce, Trade and Consumer Protection, for a period to be subsequently determined by the Chairman.
action_date: 2006-02-28
text: Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and International 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.
action_date: 2006-02-28
text: Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and International 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.
action_date: 2006-02-28
text: Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and International 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.
action_date: 2006-02-28
text: Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and International 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.
action_date: 2006-02-28
text: Introduced in House
action_date: 2006-02-28
text: Introduced in House