H.R. 4814 · 109th Congress
SAFE PORTS bill
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GarrettSponsor3 cosponsors · 3 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Safe and Accountable Foreign Enterprises Proving Other Requirements To Secure (SAFE PORTS) Act - Amends the Defense Production Act of 1950 to prohibit a proposed corporate merger, acquisition, or takeover (transaction) in the United States by or with a foreign interest which could result in foreign control unless the President has determined that: (1) there…
What it does: CRS summary · Introduced in House · Feb 28, 2006
Safe and Accountable Foreign Enterprises Proving Other Requirements To Secure (SAFE PORTS) Act - Amends the Defense Production Act of 1950 to prohibit a proposed corporate merger, acquisition, or takeover (transaction) in the United States by or with a foreign interest which could result in foreign control unless the President has determined that: (1) there is no credible evidence to believe that the foreign interest might take action that would threaten to impair U.S. national security; and (2) provisions of law other than the Defense Production Act of 1950 and the International Emergency Economic Powers Act provide adequate and appropriate authority for the President to protect the national security with respect to the proposed transaction. States that: (1) if the President is unable to make such a determination, then an investigation of the proposed transaction shall be made; and (2) a presidential determination shall not be subject to judicial review. Requires quarterly reports from the President to Congress on actions taken with respect to proposed transactions.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Safe and Accountable Foreign Enterprises Proving Other Requirements To Secure (SAFE PORTS) Act
Latest action (Mar 21, 2006): Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.
Policy area: Foreign Trade and International Finance · Origin: House · Introduced: Feb 28, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
No recorded floor vote found.