National Security Takeovers and Technology Preservation: Hearings Before the Subcommittee on Commerce, Consumer Protection, and Competitiveness of the Committee on Energy and Commerce, House of Representatives, One Hundred Second Congress, First Session, Including H.R. 2624, a Bill to Amend Section 721 of the Defense Production Act of 1950 to Clarify and Strengthen Its Provisions Pertaining to National Security Takeovers, February 26 and June 12, 1991, Volumen4

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Página 1 - HOUSE OF REPRESENTATIVES, COMMITTEE ON ENERGY AND COMMERCE, SUBCOMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND COMPETITIVENESS, Washington, DC. The subcommittee met, pursuant to notice, at 10 am, in room 2322, Rayburn House Office Building, Hon.
Página 54 - President's designee may, taking into account the requirements of national security, consider among other factors — (1) domestic production needed for projected national defense requirements, (2) the capability and capacity of domestic industries to meet national defense requirements, including the availability of human resources, products, technology, materials, and other supplies and services, (3) the control of domestic industries and commercial activity by foreign citizens as it affects the...
Página 62 - ... relating to the traffic in arms, ammunition and implements of war and to such traffic in other goods and materials as is carried on directly or indirectly for the purpose of supplying a military establishment...
Página 62 - ... (c) regulating the production of or traffic in arms, ammunition and implements of war, or traffic in other materials carried on directly or indirectly for the purpose of supplying a military establishment; (d) necessary to fulfill the obligations of a Party for the maintenance or restoration of international peace and security, or necessary to protect its essential security interests...
Página 53 - SECURITIES AND EXCHANGE COMMISSION, BEFORE THE SUBCOMMITTEE ON TELECOMMUNICATIONS AND FINANCE OF THE HOUSE COMMITTEE ON ENERGY AND COMMERCE...
Página 162 - National Science and Technology Policy, Organization, and Priorities Act of 1976.
Página 9 - Presidential decision to suspend or prohibit the transaction. At the completion of the extended review, CFIUS sends a report and a recommendation to the President. If CFIUS is unable to reach a unanimous recommendation, the Secretary of the Treasury, as chairman, must submit a CFIUS report to the President which sets forth the differing views and presents the issues for decision The President then has 15 days to announce any decision to take adverse action on the case.
Página 9 - The regulations provide that notice may be given only by a party to the transaction or by a CFIUS member agency. Notice from third parties is not accepted. Notification is voluntary. Many foreign acquisitions do not involve issues related to national security and, consequently, parties to the transaction...
Página 35 - Budget, the Chairman of the Council of Economic Advisers, and the Director of the Office of Science and Technology may each designate a member of his staff to attend meetings of the Committee as an observer.
Página 164 - President finds that — (1) there is credible evidence that leads the President to believe that the foreign interest exercising control might take action that threatens to impair the national security...