Exon-Florio Foreign Investment Provision: Overview of H.R. 556 [February 1, 2007] [open pdf - 141KB]
"During the Second Session of the 109th Congress, Members of Congress introduced over two dozen measures to address various concerns with foreign investment that arose from the proposed purchase of the British-owned P&O Ports by Dubai Ports World in early 2006. Of the measures that were introduced, H.R. 5337 and S. 3549 from the House and Senate, respectively, garnered significant support and passed their respective bodies on July 26, 2006. The 109th Congress ended before a Conference Committee was convened on H.R. 5337 or S. 3549 and both measures lapsed. So far in the 110th Congress, Congresswoman Maloney has introduced H.R. 556, the National Security Foreign Investment Reform and Strengthened Transparency Act of 2007, on January 18, 2007. The measure is similar to many of the provisions of H.R. 5337 from the 109th Congress. […] This report provides background information on the Committee on Foreign Investment in the United States and on the Exon-Florio provision. In addition, the report provides an overview of H.R. 556. This report will be updated as warranted by events."
CRS Report for Congress, RL33856
U.S. Department of State, Foreign Press Centers: http://fpc.state.gov/