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S. 2442 109th Congress Senate

Safe Foreign Investments Act of 2006

Official title: A bill to require the President or the Committee on Foreign Investment in the United States to submit to Congress draft investigation reports on national secur… Show full official titleShow less

Official title: A bill to require the President or the Committee on Foreign Investment in the United States to submit to Congress draft investigation reports on national security related investigations, to address mandatory investigations by such committee, and for other purposes.

Introduced: March 16, 2006 Introduced by: Richard J. Durbin Democratic · Illinois See on congress.gov
Foreign Trade and International Finance Armed Forces and National SecurityCommerceCongressCongressional reporting requirements
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Corporate mergersDubai Ports World aftermath legislationForeign corporationsForeign investmentsGovernment Operations and PoliticsGovernment ownershipGovernmental investigationsInfrastructureInfrastructure (Economics)International AffairsPresident and foreign policy
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2006
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 16, 2006
Sponsor introductory remarks on measure. (CR S2335)
Mar 16, 2006
Introduced in Senate
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 Latest action March 16, 2006

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Safe Foreign Investments Act of 2006 - Amends the Defense Production Act of 1950 to direct the President or his designee, no later than seven days before the completion of an investigation of a proposed or pending merger, acquisition, or takeover (transaction) that could affect persons engaged in commerce in the United States or the national security, and before any such determination becomes effective, to submit to the congressional homeland security committees a draft report of its findings.

Requires mandatory investigations of a transaction involving an entity controlled by or acting on behalf of a foreign person other than a foreign government only in the case in which the transaction involves critical infrastructure and could affect U.S. national security.

States that the President's designee, for purposes of such investigations, shall be the Committee on Foreign Investment in the United States (CFIUS).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2442: Safe Foreign Investments Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-S-2442/
MLA
"S. 2442: Safe Foreign Investments Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-2442/.
Bluebook (legal)
S. 2442, 109th Cong. (2026), https://openamerica.io/bill/109-S-2442/.
Markdown link
[S. 2442: Safe Foreign Investments Act of 2006](https://openamerica.io/bill/109-S-2442/)
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