Foreign Investment Regulatory Commission Act

[AI summary unavailable — showing source text] Foreign Investment Regulatory Commission Act - Sets forth the purposes of this Act. Establishes the Foreign Investment Regulatory Commission. Provides that except as the Commission shall by rule determine: (1) no foreign investor may acquire any interest in any American business if after such acquisition one or more foreign investors have a controlling interest in such business; (2) if on the date of enactment of this Act, one or more foreign investors have a controlling interest in an American business, the Commission may order one or more of such foreign investors to sell, to persons who are not foreign investors, a portion of their interest in such business sufficient to assure that foreign investors do not have controlling interest in such business; (3) no person who is a foreign investor may invest in any calendar year in one or more American businesses an amount which exceeds $100,000,000 in the aggregate; (4) the Commission may, by rule or order, prohibit any foreign investor from acquiring any interest in an American business or class of American business which it determines affects national security or the economic interest stability of the United States. Authorizes the Co…