Disapproving the results of the review conducted by the Committee on Foreign Investment in the United States (CFIUS) into the purchase of Peninsular and Oriental Steam Navigation (P&O) by Dubai Ports World (DP World).

Bill: 109-hjres-79
Sponsor: Rep. Harman, Jane [D-CA-36]
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 veto
Congressional-executive relations
Corporate mergers
Crime and Law Enforcement
Dubai Ports World aftermath legislation
Federal advisory bodies
Foreign corporations
Foreign investments
Government Operations and Politics
Government corporations
Government ownership
Governmental investigations
Infrastructure
International Affairs
Leases
Marine terminals
Middle East and North Africa
Terrorism
Transportation and Public Works
United Arab Emirates

Summary:
action_date: 2006-02-28
text: 
Disapproves the Committee on Foreign Investment in the United States (CFIUS) review of the purchase by Dubai Ports World (DP World) of Peninsular and Oriental Steam Navigation (P&O) (which conducts operations at 21 U.S. ports, including leasing agreements for terminal operations in New York, Newark, Baltimore, New Orleans, Miami, and Philadelphia).
 
Directs CFIUS to: (1) withdraw its statement of no objection related to the purchase; and (2) conduct a 45-day investigation, pursuant to the Defense Production Act of 1950, in order to ensure that the purchase will not have an adverse effect on U.S. national security.
 
Directs CFIUS to brief Members of Congress on the findings of its investigation before the purchase is allowed to proceed.


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: Sponsor introductory remarks on measure. (CR E214)
action_date: 2006-02-28
text: Introduced in House
action_date: 2006-02-28
text: Introduced in House