HR 4959 · 109th Congress · Foreign Trade and International Finance

Reciprocity and Fairness in Foreign Investment Act

Introduced 2006-03-14· Sponsored by Rep. Turner, Michael R. [R-OH-3]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology.(2006-04-21)

Plain Language Summary

[AI summary unavailable — showing source text] Reciprocity and Fairness in Foreign Investment Act - Permits a foreign person owned 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (14)

14 Republicans