Reciprocity and Fairness in Foreign Investment Act

Bill: 110-hr-5665
Sponsor: Rep. Turner, Michael R. [R-OH-3]
Introduced: 2008-03-31 in the House
Policy area: Foreign Trade and International Finance
Subjects: Air traffic
Airports
American investments
Armed Forces and National Security
Aviation safety
Bridges
Civil actions and liability
Corporate mergers
Crime and Law Enforcement
Electric power distribution
Electric power production
Electric power transmission
Energy
Fines (Penalties)
Foreign corporations
Foreign investments
Government Operations and Politics
Government corporations
Government ownership
Government paperwork
Infrastructure
Infrastructure (Economics)
Injunctions
International Affairs
Land transfers
Law
Marine safety
Marine terminals
Natural gas
Navigational aids (Aeronautics)
Petroleum
Pipelines
Railroad safety
Railroad terminals
Railroads
Reciprocity
Roads and highways
Security measures
Terrorism
Traffic accidents and safety
Transportation and Public Works
Transportation safety

Summary:
action_date: 2008-03-31
text: 
Reciprocity and Fairness in Foreign Investment Act - Permits a foreign person owned, in whole or in part, or controlled by a foreign government to acquire ownership in either a business, or in real property in the United States, but only to the same extent as that foreign government allows U.S. persons to acquire ownership in comparable enterprises organized under the laws of that foreign country.
 
Subjects investment and operation of critical infrastructure in the United States by such a foreign person to the same reciprocity requirements.
 
Directs the Secretary of the Treasury to issue implementing regulations.
 
Establishes civil penalties for violations of this Act. 


Legislative actions:
action_date: 2008-04-01
text: Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
action_date: 2008-03-31
text: Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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: 2008-03-31
text: Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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: 2008-03-31
text: Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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: 2008-03-31
text: Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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: 2008-03-31
text: Introduced in House
action_date: 2008-03-31
text: Introduced in House