HR 3196
111th Congress
House
Foreign Trade and International Finance
Administrative law and regulatory procedures
Civil actions and liability
Department of the Treasury
Foreign and international corporations
Government corporations and government-sponsored enterprises
Trade restrictions
U.S. and foreign investments
Reciprocity and Fairness in Foreign Investment Act
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 2009
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Jul 14, 2009
Referred to House Energy and Commerce
Jul 14, 2009
Referred to House Foreign Affairs
Jul 14, 2009
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.
Jul 14, 2009
Referred to House Financial Services
Jul 14, 2009
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.