Protect America First Act of 2006

Bill: 109-hr-4917
Sponsor: Rep. Barrow, John [D-GA-12]
Introduced: 2006-03-09 in the House
Policy area: Foreign Trade and International Finance
Subjects: Armed Forces and National Security
Cabinet officers
Commerce
Congress
Congress and foreign policy
Congressional oversight
Congressional reporting requirements
Congressional-executive relations
Corporate mergers
Crime and Law Enforcement
Department of Homeland Security
Department of the Treasury
Dubai Ports World aftermath legislation
Executive orders
Executive reorganization
Federal advisory bodies
Federal officials
Foreign corporations
Foreign investments
Government Operations and Politics
Government corporations
Government ownership
Governmental investigations
International Affairs
Leases
President and foreign policy
Terrorism

Summary:
action_date: 2006-03-09
text: 
Protect America First Act of 2006 - Amends the Defense Production Act of 1950 to direct the President, no later than five days after receipt of written notification of a proposed or pending corporate merger, acquisition, or takeover by an individual controlled or acting on behalf of a foreign government and which may be subject to an investigation for national security purposes, to notify congressional leadership of the receipt of such notification. Requires the President, no later than one day after commencing such an investigation, to provide such leadership notification of the investigation and relevant information regarding the proposed or pending merger, acquisition, or takeover.
 
Expresses the sense of Congress that: (1) the Committee on Foreign Investment in the United States (CFIUS) should be transferred from the Department of the Treasury to the Department of Homeland Security (DHS); and (2) the Secretary of Homeland Security should serve as CFIUS Chairman.


Legislative actions:
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: 2006-03-09
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, Energy and Commerce, and Homeland Security, 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: 2006-03-09
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, Energy and Commerce, and Homeland Security, 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: 2006-03-09
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, Energy and Commerce, and Homeland Security, 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: 2006-03-09
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, Energy and Commerce, and Homeland Security, 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: 2006-03-09
text: Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, Energy and Commerce, and Homeland Security, 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: 2006-03-09
text: Introduced in House
action_date: 2006-03-09
text: Introduced in House