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HR 3726 102th Congress House Foreign Trade and International Finance Concessions Foreign investments Government paperwork Government service contracts Historic sites Land transfers National parks Parks

To prevent foreign persons from owning national landmarks and areas included in the National Park System.

Introduced: November 6, 1991 See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 3, 1992
Executive Comment Requested from Interior.
Jan 3, 1992
Referred to the Subcommittee on National Parks and Public Lands.
Nov 6, 1991
Referred to the House Committee on Interior and Insular Affairs.
Nov 6, 1991
Introduced in House
 Plain-English summary Congressional Research Service

Prohibits: (1) a foreign person from holding interests in a national landmark representing more than 50 percent of the value of it; and (2) the Secretary of the Interior from transferring any U.S. right, title, or interest in or to an area of land or water included in the National Park System if, as a result of the transfer, such right, title, or interest would be held directly or indirectly by a foreign person.

Requires a foreign person to register an investment with the Chairman of a corporation if such investment results in them becoming a five percent shareholder in such corporation that directly or indirectly holds a national landmark. Applies a similar rule to interests in any entity other than a corporation.

What's happening now February 3, 1992

Executive Comment Requested from Interior.

 Committees of jurisdiction 2