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SJRES 32 109th Congress Senate Foreign Trade and International Finance Armed Forces and National Security Commerce Congress Congressional oversight Congressional reporting requirements Congressional veto Congressional-executive relations Corporate mergers Crime and Law Enforcement Dubai Ports World aftermath legislation Federal advisory bodies Foreign corporations Foreign investments Government Operations and Politics Government corporations Government ownership Governmental investigations Infrastructure International Affairs

A joint resolution disapproving the results of the review conducted by the Committee on Foreign Investment in the United States (CFIUS) into the purchase of Peninsular and Oriental Steam Navigation (P&O) by Dubai Ports World (DP World).

Introduced: February 27, 2006 Introduced by: Collins, Susan M. Republican · Maine 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
Feb 27, 2006
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 27, 2006
Sponsor introductory remarks on measure. (CR S1508-1509)
Feb 27, 2006
Introduced in Senate
 Plain-English summary Congressional Research Service

Disapproves the Committee on Foreign Investment in the United States (CFIUS) review of the purchase by Dubai Ports World (DP World) of Peninsular and Oriental Steam Navigation (P&O) (which conducts operations at 21 U.S. ports, including leasing agreements for terminal operations in New York, Newark, Baltimore, New Orleans, Miami, and Philadelphia).

Directs CFIUS to: (1) withdraw its statement of no objection related to the purchase; and (2) conduct a 45-day investigation, pursuant to the Defense Production Act of 1950, in order to ensure that the purchase will not have an adverse effect on U.S. national security.

Directs CFIUS to brief Members of Congress on the findings of its investigation before the purchase is allowed to proceed.

What's happening now February 27, 2006

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

 Committees of jurisdiction 1