HR 4868 · 97th Congress · Commerce

International Joint Venture Act of 1981

Introduced 1981-10-29· Sponsored by Rep. McClory, Robert [R-IL-13]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Commerce, Transportation and Tourism.(1981-11-05)

Plain Language Summary

[AI summary unavailable — showing source text] International Joint Venture Act of 1981 - Declares that certain provisions of the Clayton Act and the Federal Trade Commission Act do not prohibit an individual or organization of the United States from participating in a joint venture which: (1) is composed of only such U.S. person and one or more foreign persons; (2) does not engage in any line of commerce in the United States in which such foreign person is already engaged; (3) is terminable by either party no later than ten years after it is formed; (4) provides for the exchange of technology; and (5) provides access to raw materials or to distribution, marketing, or manufacturing facilities.…

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

Cosponsors (11)

4 Democrats7 Republicans