Foreign Investment and Economic Security Act of 1991

[AI summary unavailable — showing source text] Foreign Investment and Economic Security Act of 1991 - Amends provisions of the Defense Production Act of 1950 relating to the authority of the President to review certain mergers, acquisitions, and takeovers in the interest of national security to: (1) allow such review also when economic security is being threatened; (2) include joint ventures within such review authority; and (3) provide for such review when foreign persons could have access to technology in the United States. Authorizes an investigation of a merger, acquisition, joint venture, or takeover when the action undertaken would result in foreign ownership or control of ten percent or more of the voting securities or other evidence of ownership of a person engaged in interstate commerce in the United States. Adds the following factors to be considered by the President in determining whether an action threatens the requirements of economic and national security: (1) the concentration of foreign direct investment in the industry in question and the impact of further investment; (2) the U.S. critical technologies included in the most recent plans submitted to the Congress or the President; and (3) whether the persons enga…