HR 2582 · 99th Congress · Foreign Trade and International Finance

Foreign Investment Disclosure and Reciprocity Act

Introduced 1985-05-22· Sponsored by Rep. Bryant, John W. [D-TX-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Subcommittee Hearings Held.(1986-05-08)

Plain Language Summary

[AI summary unavailable — showing source text] Foreign Investment Disclosure and Reciprocity Act - Requires registration of an investment by a foreign person if the investment results in acquisition, ownership, or control by the foreign person of a cumulative interest of: (1) five percent or more in a U.S. person or in other property in the United States; (2) $10,000 or more in a bank deposit; or (3) $10,000 or more in U.S. securities. Prohibits a foreign person from making such an investment unless the foreign person first registers the investment with the Secretary of Commerce. Sets forth information to be provided in the registration, including a certification by the foreign person that it would be possible for the Federal Government, a U.S. citizen or a U.S. resident to make an investment of the same type and size in the same industry in the country or countries where the owners of the foreign person are located. Requires foreign persons who, at the time of enactment of this Act, hold such investments in the United States to register those investments within 180 days and to include the date on which such investments were made. Declares that certification need not be made for such investments, but prohibits increasing the cu…

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

Cosponsors (20)

17 Democrats3 Republicans