Exon-Florio Amendment

The Exon-Florio Amendment [http://www.law.cornell.edu/uscode/search/display.html?terms=2170&url=/uscode/html/uscode50a/usc_sec_50a_00002170----000-.html 50 U.S.C. app 2170] was enacted by the United States Congress in 1988 to review foreign investment within the United States. The amendment was passed into law under the Omnibus Trade and Competitiveness Act of 1988 and amended Section 721 of Defense Production Act of 1950. All foreign investments that might affect national security may be reviewed and if deemed to poised a threat to security, the President of the United States, may block the investment. According to the amendment, the president may block the investment when "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." [Omnibus Trade and Competitiveness Act of 1988, 5021, Public Law 100-418, US Statutes at Large 102(1988): 1107] [Graham, Edward M. David M. Marchick (2006)] [50 U.S.C. Appendix 2170] [implementing regulations at 31 C.F.R. Part 800] [cite book
last = Graham
first = Edward M
authorlink =
coauthors = David M. Marchick
title = US National Security and Foreign Direct Investment
publisher =
date = May 2006
location =
pages =
url = http://www.petersoninstitute.org/publications/chapters_preview/3918/02iie3918.pdf
doi =
id =
isbn = 978-0-88132-391-7 ] President Reagan delegated the review process to the Committee on Foreign Investment in the United States.

The amendment was sponsored by Senator J. James Exon and Representative James J. Florio. The amendment was proposed over concerns of foreign acquisitions by Japanese businesses [cite web
url= http://www.fas.org/sgp/crs/natsec/RL33388.pdf
title= The Committee on Foreign Investment in the United States (CFIUS)
accessdate= 2008-06-23
author= James K. Jackson
last= Jackson
first= James
date= 23
year= 2007
month= April
format= PDF
work=
publisher= Congressional Research Service
pages= 4

] .

See also

Committee on Foreign Investment in the United States‎

Omnibus Foreign Trade and Competitiveness Act

Foreign Investment and National Security Act of 2007

References