H.R. 556 - National Security Foreign Investment Reform and Strengthened Transparency Act of 2007

National Security Foreign Investment Reform and Strengthened Transparency Act of 2007

H.R. 556 — 110^th Congress (2007–2008)

Summary

This bill ensures national security while promoting foreign investment and the creation and maintenance of jobs. (by CRS)

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Title

To ensure national security while promoting foreign investment and the creation and maintenance of jobs, to reform the process by which such investments are examined for any effect they may have on national security, to establish the Committee on Foreign Investment in the United States, and for other purposes.

Other Titles

• National Security Foreign Investment Reform and Strengthened Transparency Act of 2007
• National Security Foreign Investment Reform and Strengthened Transparency Act of 2007
• National Security Foreign Investment Reform and Strengthened Transparency Act of 2007
• Foreign Investment and National Security Act of 2007
• Foreign Investment and National Security Act of 2007

Sponsor

Carolyn Maloney

Co-Sponsors

• Philip English
• Gwen Moore
• Shelley Capito
• Deborah Pryce
• Roy Blunt
• Peter King
• R. Miller
• Cathy McMorris Rodgers
• Carolyn McCarthy
• Lamar Smith
• Judy Biggert
• David Reichert
• Dennis Moore
• Gregory Meeks
• Melvin Watt
• Ileana Ros-Lehtinen
• Adam Smith
• Joe Barton
• Gary Ackerman
• Diane Watson
• Thaddeus McCotter
• Christopher Shays
• Sue Myrick
• Stephen Lynch
• Ron Klein
• Spencer Bachus
• Bennie Thompson
• Steven LaTourette
• James Langevin
• Gary Miller
• Ronald Paul
• Virginia Brown-Waite
• Joe Courtney
• Melissa Bean
• Joseph Crowley
• Jane Harman
• Barney Frank
• Al Green
• Steve Israel
• Jim Matheson
• Thomas Reynolds
• Wm. Clay
• Vern Buchanan
• Doc Hastings
• Richard Baker
• Scott Garrett
• Norman Dicks
• Vito Fossella
• Elijah Cummings
• Peter Hoekstra
• Paul Gillmor
• David Scott
• Luis Gutierrez
• Rubén Hinojosa
• Emanuel Cleaver
• Bill Pascrell
• Donald Manzullo
• Darlene Hooley

Subjects

• Trade
• Administrative procedure
• Administrative remedies
• Armed forces
• Business
• Business intelligence
• Commercial blacklisting
• Congress
• Congress and foreign policy
• Congressional oversight
• Congressional reporting requirements
• Corporate mergers
• Criminal justice
• Defense policy
• Department of Homeland Security
• Executive Office of the President
• Executive departments
• Executive reorganization
• Federal advisory bodies
• Foreign agents
• Foreign corporations
• Foreign investments
• Foreign policy
• Fraud
• Government corporations
• Government information
• Government liability
• Government ownership
• Government paperwork
• Government publicity
• Governmental investigations
• Industrial research
• Infrastructure
• Infrastructure (Economics)
• Inspectors general
• International finance
• Israel
• Law
• Leases
• Middle East and North Africa
• National security
• Politics and government
• President and foreign policy
• Presidents
• Public contracts
• Research and development
• Risk
• Science policy
• Technology
• Technology transfer
• Terrorism
• Trade secrets

Related Bills

• H.Res. 195 (110^th) : Providing for the Consideration of the Bill (H.R. 556) to Ensure National Security While Promoting Foreign Investment and the Creation and Maintenance of Jobs, to Reform the Process by Which Such Investments Are Examined for Any Effect They May Have on National Security, to Establish the Committee on Foreign Investment in the United States, and for Other Purposes.
• S. 1610 (110^th) : Foreign Investment and National Security Act of 2007
• S. 1610 (110^th) : Foreign Investment and National Security Act of 2007
• S. 1610 (110^th) : Foreign Investment and National Security Act of 2007
• S. 1610 (110^th) : Foreign Investment and National Security Act of 2007

Major Actions

Introduced	1/18/2007
Referred to Committee
Amendments (6 proposed)
Passed House	2/28/2007
Passed Senate	6/29/2007
Signed by President	7/26/2007

Bill History

• All Votes
• All Actions
• Amendments

	Chamber/Committee	Motion	Date	Result
select this vote	House	On agreeing to the Frank (MA) amendment (A001) Agreed to by voice vote.	2/28/2007	PASSED by voice vote
select this vote	House	On agreeing to the King (IA) amendment (A002) Agreed to by voice vote.	2/28/2007	PASSED by voice vote
select this vote	House	Amendment 4 to H.R. 556	2/28/2007	This amendment DID NOT PASS the House 198 voted YES 228 voted NO 12 voted present/not voting
select this vote	House	Amendment 5 to H.R. 556	2/28/2007	This amendment DID NOT PASS the House 197 voted YES 231 voted NO 10 voted present/not voting
select this vote	House	Amendment 6 to H.R. 556	2/28/2007	This amendment DID NOT PASS the House 197 voted YES 231 voted NO 10 voted present/not voting
select this vote	House	On Motion to Recommit with Instructions: H.R. 556 The National Security Foreign Investment Reform and Strengthened Transparency Act	2/28/2007	This motion DID NOT PASS the House 193 voted YES 229 voted NO 11 voted present/not voting
select this vote	House	On Passage - House - H.R. 556 The National Security Foreign Investment Reform and Strengthened Transparency Act	2/28/2007	This bill PASSED the House 423 voted YES 0 voted NO 10 voted present/not voting
select this vote	House	On agreeing to the Barrow amendment (A003) Agreed to by voice vote.	3/01/2007	PASSED by voice vote
currently selected	Senate	Passed Senate with an amendment by Unanimous Consent.	6/29/2007	PASSED by voice vote
select this vote	House	H.R. 556 Foreign Investment and National Security Act (under suspension of the rules)	7/11/2007	This motion PASSED the House 370 voted YES 45 voted NO 16 voted present/not voting

	Action	Date	Description
	Introduced	1/18/2007
		1/18/2007	Referred to the Committee on Financial Services, and in addition to the Committees on Energy and Commerce, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
		1/18/2007	Referred to House Financial Services
		1/18/2007	Referred to House Energy and Commerce
		1/18/2007	Referred to House Foreign Affairs
		2/02/2007	Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
		2/13/2007	Committee Consideration and Mark-up Session Held.
	Put on a legislative calendar	2/13/2007	Ordered to be Reported (Amended) by Voice Vote.
		2/14/2007	Committee Consideration and Mark-up Session Held.
	Put on a legislative calendar	2/14/2007	Ordered to be Reported (Amended) by Voice Vote.
		2/16/2007	Mr. Frank (MA) asked unanimous consent that the Committee on Financial Services have until midnight on Feb. 23 to file a report on H.R. 556. Agreed to without objection.
		2/23/2007	Reported (Amended) by the Committee on Financial Services. H. Rept. 110-24, Part I.
		2/23/2007	Committee on Energy and Commerce discharged.
		2/23/2007	Committee on Foreign Affairs discharged.
	Put on a legislative calendar	2/23/2007	Placed on the Union Calendar, Calendar No. 9.
		2/27/2007	Rules Committee Resolution H. Res. 195 Reported to House. Rule provides for consideration of H.R. 556 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.
		2/28/2007	Rule H. Res. 195 passed House.
		2/28/2007	Rule provides for consideration of H.R. 556 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.
		2/28/2007	Considered under the provisions of rule H. Res. 195.
		2/28/2007	GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 556.
		2/28/2007	House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 195 and Rule XVIII.
		2/28/2007	The Speaker designated the Honorable Ed Pastor to act as Chairman of the Committee.
		2/28/2007	Amendment (A001) offered by Mr. Frank (MA).
		2/28/2007	DEBATE - The Committee of the Whole proceeded with debate on the Frank (MA) amendment under the five-minute rule.
select this vote	Vote	2/28/2007	On agreeing to the Frank (MA) amendment (A001) Agreed to by voice vote.
		2/28/2007	DEBATE - The Committee of the Whole proceeded with debate on the King (IA) amendment under the five-minute rule.
		2/28/2007	Amendment (A002) offered by Mr. King (IA).
select this vote	Vote	2/28/2007	On agreeing to the King (IA) amendment (A002) Agreed to by voice vote.
		2/28/2007	The House rose from the Committee of the Whole House on the state of the Union to report H.R. 556.
		2/28/2007	The previous question was ordered pursuant to the rule.
		2/28/2007	The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
		2/28/2007	Mr. Neugebauer moved to recommit with instructions to Financial Services.
		2/28/2007	DEBATE - The House proceeded with ten minutes of debate on the Neugebauer motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with amendments that require the President to include in the annual report a detailed discussion of factors, including the deleterious effect of burdensome regulations.
		2/28/2007	The previous question on the motion to recommit with instructions was ordered without objection.
select this vote	Vote	2/28/2007	Amendment 4 to H.R. 556
select this vote	Vote	2/28/2007	Amendment 5 to H.R. 556
select this vote	Vote	2/28/2007	Amendment 6 to H.R. 556
select this vote	Vote	2/28/2007	On Motion to Recommit with Instructions: H.R. 556 The National Security Foreign Investment Reform and Strengthened Transparency Act
select this vote	House Vote on Passage	2/28/2007	On Passage - House - H.R. 556 The National Security Foreign Investment Reform and Strengthened Transparency Act
		3/01/2007	DEBATE - The Committee of the Whole proceeded with debate on the Barrow amendment numbered 12 under the five-minute rule.
		3/01/2007	Amendment (A003) offered by Mr. Barrow.
		3/01/2007	DEBATE - The Committtee of the Whole proceeded with debate on the McCaul amendment numbered 5 under the five-minute rule.
select this vote	Vote	3/01/2007	On agreeing to the Barrow amendment (A003) Agreed to by voice vote.
		3/01/2007	Amendment (A004) offered by Mr. McCaul (TX).
		3/01/2007	POSTPONED PROCEEDINGS - At the conclusion of the debate on the McCaul amendment numbered 5, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes prevailed. Mr. McCaul demanded a recorded vote and the Chair announced further proceedings on the question of adoption of the amendment until late in the legislative day.
		3/01/2007	DEBATE - The Committee of the Whole proceeded with debate on the McCaul amendment numbered 6 under the five-minute rule.
		3/01/2007	Amendment (A005) offered by Mr. McCaul (TX).
		3/01/2007	POSTPONED PROCEEDINGS - At the conclusion of the debate on the McCaul amendment numbered 6, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes prevailed. Mr. McCaul demanded a recorded vote and the Chair announced further proceedings on the question of adoption of the amendment until late in the legislative day.
		3/01/2007	DEBATE - The Committee of the Whole proceeded with debate on the McCaul amendment numbered 7 under the five-minute rule.
		3/01/2007	Amendment (A006) offered by Mr. McCaul (TX).
		3/01/2007	POSTPONED PROCEEDINGS - At the conclusion of the debate on the McCaul amendment numbered 7, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes prevailed. Mr. McCaul demanded a recorded vote and the Chair announced further proceedings on the question of adoption of the amendment until late in the legislative day.
		3/01/2007	UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
		3/01/2007	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
		6/29/2007	Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
		6/29/2007	Measure laid before Senate by unanimous consent.
		6/29/2007	Senate struck all after the Enacting Clause and substituted the language of S. 1610 amended.
currently selected	Senate Vote on Passage	6/29/2007	Passed Senate with an amendment by Unanimous Consent.
		6/29/2007	See also S. 1610.
		6/29/2007	Message on Senate action sent to the House.
		7/10/2007	Mrs. Maloney (NY) moved that the House suspend the rules and agree to the Senate amendment.
		7/10/2007	DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendment to H.R. 556.
		7/10/2007	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the chair announced that further proceedings on the motion would be postponed.
	Presented to President	7/11/2007	Cleared for White House.
select this vote	Vote	7/11/2007	H.R. 556 Foreign Investment and National Security Act (under suspension of the rules)
	Presented to President	7/18/2007	Presented to President.
	Signed	7/26/2007	Signed by President.
	Enacted	7/26/2007	Became Public Law No: 110-49.

	Number	Sponsor	Date Offered	Status
select this vote	H. Amdt. 15	Frank, Barney [D-MA4]	February 28, 2007	Passed by voice vote on February 28, 2007.
	Manager's amendment consists of the text of the amendment printed on pages H1997-H1998 in the Congressional Record for February 28, 2007. Show amendment details
select this vote	H. Amdt. 16	King, Steve [R-IA4]	February 28, 2007	Passed by voice vote on February 28, 2007.
	Amendment adds a requirement that the President consider the potential effects of a covered transaction on the efforts of the United States to curtail human smuggling and drug smuggling. Show amendment details
select this vote	H. Amdt. 17	Barrow, John [D-GA12]	February 28, 2007	Passed by voice vote on February 28, 2007.
	Amendment includes in the reporting requirements Senators representing States and Members of Congress representing congressional districts that would be significantly affected by a covered transaction. Show amendment details
select this vote	H. Amdt. 18	McCaul, Michael [R-TX10]	February 28, 2007	Failed by roll call vote on February 28, 2007.
	Amendment sought to require the President to include in a report to Congress information about taxation in the United States as it affects business. Show amendment details
select this vote	H. Amdt. 19	McCaul, Michael [R-TX10]	February 28, 2007	Failed by roll call vote on February 28, 2007.
	Amendment sought to require the President to include in a report to Congress information about burdensome regulation in the United States as it affects business. Show amendment details
select this vote	H. Amdt. 20	McCaul, Michael [R-TX10]	February 28, 2007	Failed by roll call vote on February 28, 2007.
	Amendment sought to require the President to include in a report to Congress information on the net effect of foreign investment on American jobs. Show amendment details