HR 5665
110th Congress
House
Foreign Trade and International Finance
Air traffic
Airports
American investments
Armed Forces and National Security
Aviation safety
Bridges
Civil actions and liability
Corporate mergers
Crime and Law Enforcement
Electric power distribution
Electric power production
Electric power transmission
Energy
Fines (Penalties)
Foreign corporations
Foreign investments
Government Operations and Politics
Government corporations
Government ownership
Reciprocity and Fairness in Foreign Investment Act
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 1, 2008
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Mar 31, 2008
Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Energy and Commerce, 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 31, 2008
Introduced in House
Plain-English summary
Reciprocity and Fairness in Foreign Investment Act - Permits a foreign person owned, in whole or in part, or controlled by a foreign government to acquire ownership in either a business, or in real property in the United States, but only to the same extent as that foreign government allows U.S. persons to acquire ownership in comparable enterprises organized under the laws of that foreign country.
Subjects investment and operation of critical infrastructure in the United States by such a foreign person to the same reciprocity requirements.
Directs the Secretary of the Treasury to issue implementing regulations.
Establishes civil penalties for violations of this Act.
What's happening now
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.