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HR 4520 101th Congress House Foreign Trade and International Finance Census Congressional reporting requirements Economic statistics Foreign investments Government Operations and Politics Government and business Industrial statistics Information leaking Information services Oaths Statistics

Foreign Direct Investment and International Financial Data Improvements Act of 1990

Introduced: April 18, 1990 See on congress.gov
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 Everywhere this bill has been 22 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 7, 1990
For Further Action See S.2516.
Oct 19, 1990
For Further Action See S.2516.
Oct 17, 1990
Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 101-855, Part II.
Oct 12, 1990
Reported (Amended) by the Committee on Foreign Affairs. H. Rept. 101-855, Part I.
Oct 11, 1990
Committee Consideration and Mark-up Session Held.
Oct 11, 1990
Ordered to be Reported (Amended).
Oct 3, 1990
Subcommittee Consideration and Mark-up Session Held.
Oct 3, 1990
Forwarded by Subcommittee to Full Committee (Amended).
Oct 2, 1990
Committee Consideration and Mark-up Session Held.
Oct 2, 1990
Ordered to be Reported (Amended).
Sep 18, 1990
Forwarded by Subcommittee to Full Committee (Amended).
Sep 18, 1990
Subcommittee Consideration and Mark-up Session Held.
Jun 13, 1990
Subcommittee Hearings Held.
May 1, 1990
Executive Comment Requested from OMB, Commerce.
Apr 30, 1990
Referred to the Subcommittee on International Economic Policy and Trade.
Apr 27, 1990
Referred to the Subcommittee on Commerce, Consumer Protection and Competitiveness.
Apr 25, 1990
Referred to the Subcommittee on Census and Population.
Apr 18, 1990
See S.2516.
Apr 18, 1990
Referred to the House Committee on Foreign Affairs.
Apr 18, 1990
Referred to the House Committee on Post Office and Civil Service.
Apr 18, 1990
Referred to the House Committee on Energy and Commerce.
Apr 18, 1990
Introduced in House
 Plain-English summary Congressional Research Service

Foreign Direct Investment and International Financial Data Improvements Act of 1990 - Requires the Secretary of Commerce (Secretary) to submit to specified congressional committees a report concerning the role and significance of foreign direct investment in the United States.

Authorizes the Comptroller General to review the report and submit to specified congressional committees an analysis of it with recommendations. Provides for the confidentiality of information used in such analysis.

Requires the Bureau of the Census to exchange with the Bureau of Economic Analysis of the Department of Commerce information relating to any business enterprise that operates in the United States if the Secretary determines such information is appropriate to augment and improve the quality of data collected under the International Investment and Trade in Services Survey Act.

Amends such Act to authorize the collection and use of information on direct investments owned or controlled directly or indirectly by foreign governments or persons.

Requires the President to publish for the general public and U.S. agencies information on foreign investment in the United States with tables listing certain businesses (50 percent or more, and 50 percent or less, of whose voting securities are owned or controlled by foreign persons).

Authorizes the Bureau of the Census and the Bureau of Labor Statistics, with respect to augmenting and improving the quality of data they collect, to have access to data relating to business enterprises and international services transactions.

Requires: (1) affirmation under oath of certain reports made pursuant to the International Investment and Trade in Services Survey Act by the officer directly responsible for maintenance and compilation of such information; (2) certification of their substantial accuracy, except when estimates are provided because accurate data are unavailable or cannot be obtained without undue burden.

Increases, and makes mandatory, the civil penalties for failure to provide information under such Act.

Sets forth requirements and penalties with respect to the confidentiality of and access to information collected under this Act.

What's happening now November 7, 1990

For Further Action See S.2516.

 Committees of jurisdiction 6
 Cosponsors 1
All 1 Democratic 1