Exon Florio Foreign Investment Provision PDF Download

Prior to passage of P. L. 110-49, seven other individuals were permanent members of CFIUS: the United States Trade Representative; the Chairman of the Council of Economic Advisers; the Attorney General; the Director of the Office of Management and Budget; the Director of the Office of Science and Technology Policy; the Assistant to the President for National Security Affairs; and the Assistant to [...] The House measure would have required the approval of a majority of the members of CFIUS and the approval of, and a signed determination by, the Secretary of the Treasury, the Secretary of Homeland Security, and the Secretary of Commerce on any review or investigation in order for the CFIUS process to be considered final or complete. [...] The period for any investigation may be extended by the President or by a roll call vote of at least 2/3 of the members of the Committee by the amount of time specified by the President or the Committee at the time of the extension, not to exceed 45 days, in order to collect and fully evaluate information relating to the covered transaction or parties to the transaction; and any effect of the tran [...] Each certified notice and report would be required to be transmitted to: 1) the Majority Leader and the Minority Leader of the Senate; 2) the chair and ranking member of the Committee on Banking, Housing, and Urban Affairs of the Senate and of any committee of the Senate having oversight over the lead agency; 3) the Speaker and the Minority Leader of the House of Representatives; and 4) the chair [...] Each certified notice and report must be signed by the chairperson and the head of the lead agency, which may only be delegated to an employee of the Department of the Treasury (in the case of the Secretary of the Treasury) or to an employee of the lead agency (in the case of the lead agency) who was appointed by the President, by and with the advice and consent of the Senate, or.