Foreign Investment and National Security Act of 2007
Sponsor: CAROLYN MALONEY (D-NY)
Foreign Investment and National Security Act of 2007 - (Sec. 2) Amends the Defense Production Act of 1950 to revise provisions concerning presidential authority to review certain mergers, acquisitions, and takeovers to direct the President, acting through the Committee on Foreign Investment in the United States (CFIUS), and upon receiving written notification from any parties to a possible merger, acquisition or takeover proposed or pending after August 23, 1988, which could result in foreign control of any person engaged in interstate commerce (covered transaction), to review such covered transaction to determine its effects on national security. Requires CFIUS to investigate a covered transaction which it determines is a foreign government-controlled transaction. Permits any party to a covered transaction to initiate a review by submitting a written notice of the transaction to CFIUS.
Foreign Trade and International Finance Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 4.6% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 370 | 84.7% |
| Nay | Lost | 45 | 10.6% |
| Not represented on this question | No position taken | 0 | 4.6% |