Committee on Foreign Investment in the United States (CFIUS) [Updated July 23, 2007] [open pdf - 164KB]
From the Background: "Members of Congress introduced more than 25 bills in the 2nd Session of the 109th Congress that would have addressed various aspects of foreign investment since the proposed Dubai Port (DP) World transaction. The Congressional session ended before a Conference Committee could be convened to work out differences between the measures. Similar measures likely will be introduced in the First Session of the 110th Congress. The measures can be grouped into four major areas: those that deal specifically with the proposed DP World acquisition; those that focus more generally on foreign ownership of U.S. ports, especially if the foreign entity is owned or controlled by a foreign government; those that would amend the CFIUS [Committee on Foreign Investment in the United States] process; and those that would amend the Exon-Florio process (explained below). Six bills focus primarily on CFIUS and display a range of responses by some Members of Congress. These bills are examined in more depth later in this report. The measures seem to indicate that some Members are concerned over the way in which CFIUS operates and the lack of transparency in the process that some Members believe has hampered Congress's ability to exercise its oversight responsibilities."
CRS Report for Congress, RL33388