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HR 4917 109th Congress House Foreign Trade and International Finance Armed Forces and National Security Cabinet officers Commerce Congress Congress and foreign policy Congressional oversight Congressional reporting requirements Congressional-executive relations Corporate mergers Crime and Law Enforcement Department of Homeland Security Department of the Treasury Dubai Ports World aftermath legislation Executive orders Executive reorganization Federal advisory bodies Federal officials Foreign corporations Foreign investments

Protect America First Act of 2006

Introduced: March 9, 2006 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2006
Referred to the Subcommittee on Commerce, Trade and Consumer Protection, for a period to be subsequently determined by the Chairman.
Mar 9, 2006
Referred to the Committee on Financial Services, and in addition to the Committees on International Relations, Energy and Commerce, and Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 9, 2006
Introduced in House
 Plain-English summary Congressional Research Service

Protect America First Act of 2006 - Amends the Defense Production Act of 1950 to direct the President, no later than five days after receipt of written notification of a proposed or pending corporate merger, acquisition, or takeover by an individual controlled or acting on behalf of a foreign government and which may be subject to an investigation for national security purposes, to notify congressional leadership of the receipt of such notification. Requires the President, no later than one day after commencing such an investigation, to provide such leadership notification of the investigation and relevant information regarding the proposed or pending merger, acquisition, or takeover.

Expresses the sense of Congress that: (1) the Committee on Foreign Investment in the United States (CFIUS) should be transferred from the Department of the Treasury to the Department of Homeland Security (DHS); and (2) the Secretary of Homeland Security should serve as CFIUS Chairman.

What's happening now March 17, 2006

Referred to the Subcommittee on Commerce, Trade and Consumer Protection, for a period to be subsequently determined by the Chairman.

 Committees of jurisdiction 5
 Cosponsors 1
All 1 Democratic 1