Foreign Investment Disclosure Act
Latest action. Referred to House Committee on Foreign Affairs.
Foreign Investment Disclosure Act - States that the purposes of this Act are to require foreign investors to make public disclosure of their identities and the nature and scope of their significant investment in the United States and to require the Secretary of State to provide analyses of trends in such investment. Directs the Secretary of State, by regulation, order, or otherwise, to establish and maintain procedures which require the maintenance of records and the submission of reports by foreign investors and by such other persons as the Secretary determines to be appropriate with respect to: (1) any foreign investment in a business concern whose stock is publicly traded on a national securities exchange or otherwise in the United States within enumerated limitations; (2) any foreign investment in a business concern whose stock is not publicly traded on a national securities exchange or otherwise in the United States with enumerated limitations; and (3) any foreign investment in property which is located in the United States and which the Secretary by regulation, on the basis of objective economic and other criteria, determines shall be subject to the recordkeeping and reporting requirements imposed under this Act. Stipulates that, not later than 120 days after the date of enactment of this Act, the Secretary shall collect and publish with respect to each business concern whose stock is publicly traded on a national securities exchange or otherwise in the United States or whose assets have a value of $3,000,000 or more, the following information as of the date of enactment of this Act: (1) the name of each foreign investor who has an interest in such business concern, and the nature and extent of such interest; (2) the nationality or citizenship and place of residence of each such investor who is an individual; and (3) the country or countries with which any agency or other organization which is a foreign investor is affiliated. Authorizes appropriations of such sums as are necessary to carry out the provisions of this Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on October 10, 1974. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on October 10, 1974: Referred to House Committee on Foreign Affairs.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
WAYNE HAYS (D-OH) introduced it on October 10, 1974. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on October 10, 1974, 18963 days ago. The most recent recorded action was 18963 days ago, on October 10, 1974.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers