Exon–Florio Amendment

United States law regulating foreign investment

The Exon–Florio Amendment 50 U.S.C. app 2170 is a law that was enacted by the United States Congress in 1988 to review foreign investment within the United States. (It was later amended by the SAFE Port Act of 2006 and the Foreign Investment Risk Review Modernization Act of 2018.) 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 pose 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."^[1]^[2]^[3]^[4]^[5] 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.^[6]

References

^ 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
^ Graham, Edward M; David M. Marchick (May 2006). US National Security and Foreign Direct Investment (PDF). ISBN 978-0-88132-391-7.
^ James K. Jackson (April 23, 2007). "The Committee on Foreign Investment in the United States (CFIUS)" (PDF). Congressional Research Service. p. 4. Retrieved June 23, 2008. In recent years it has been suggested the amendment be used on Chinese companies.

Ronald Reagan

40th President of the United States (1981–1989)
33rd Governor of California (1967–1975)

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Foreign policy	Reagan Doctrine Cold War 1st term 2nd term Soviet Union summits Geneva Reykjavík Washington INF Treaty Moscow Governors Island Constructive engagement Invasion of Grenada Iran–Contra affair Libya bombing Strategic Defense Initiative International trips "We begin bombing in five minutes" Caribbean Basin Economic Recovery Act of 1983 Comprehensive Anti-Apartheid Act Goldwater–Nichols Act Montreal Protocol Executive Order 12333 Immigration Reform and Control Act of 1986 Form I-9 H-2A visa H-2B visa American Homecoming Act Trade and Tariff Act of 1984 Canada–United States Free Trade Agreement Israel–United States Free Trade Agreement Omnibus Trade and Competitiveness Act Exon–Florio Amendment
Domestic policy	Anti-Drug Abuse Act of 1986 Anti-Drug Abuse Act of 1988 Office of National Drug Control Policy Asbestos Hazard Emergency Response Act Cannabis policy Civil Rights Restoration Act of 1987 Coastal Barrier Resources Act Comprehensive Crime Control Act of 1984 Armed Career Criminal Act Sentencing Reform Act United States Sentencing Commission Emergency Food Assistance Act of 1983 Emergency Food Assistance and Soup Kitchen-Food Bank Program Emergency Planning and Community Right-to-Know Act Toxics Release Inventory Emergency Wetlands Resources Act Federal Employees Liability Reform and Tort Compensation Act of 1988 Grace Commission Hunger Prevention Act of 1988 Martin Luther King Jr. Day Medical Waste Tracking Act Minerals Management Service National Appliance Energy Conservation Act National Fishing Enhancement Act of 1984 Nuclear Waste Policy Act Safe Drinking Water Act Amendments of 1986 Superfund Amendments and Reauthorization Act of 1986 Temporary Emergency Food Assistance Act of 1983 Temporary Emergency Food Assistance Program Uniformed and Overseas Citizens Absentee Voting Act Voting Accessibility for the Elderly and Handicapped Act 1982 VRA Amendments Water Quality Act of 1987 Water Resources Development Act of 1986 Water Resources Development Act of 1988
Economic policy	Agriculture and Food Act of 1981 Agricultural Credit Act of 1987 Agriculture Mediation Program Federal Agricultural Mortgage Corporation Cable Communications Policy Act of 1984 Consolidated Omnibus Budget Reconciliation Act of 1985 Deficit Reduction Act of 1984 Expedited Funds Availability Act Extra-Long Staple Cotton Act of 1983 Food Security Act of 1985 Conservation Reserve Program Dairy Export Incentive Program Garn–St. Germain Depository Institutions Act Interest and Dividend Tax Compliance Act of 1983 Internal Revenue Code of 1986 Omnibus Budget Reconciliation Act of 1981 Medicaid Home and Community-Based Services Waivers Omnibus Budget Reconciliation Act of 1987 Railroad Retirement Solvency Act of 1983 Reagan tax cuts Economic Recovery Tax Act of 1981 Tax Equity and Fiscal Responsibility Act of 1982 Katie Beckett Medicaid waiver Tax Reform Act of 1986 Low-Income Housing Tax Credit MACRS Secondary Mortgage Market Enhancement Act Surface Transportation Assistance Act Surface Transportation and Uniform Relocation Assistance Act Technical and Miscellaneous Revenue Act of 1988 Video Privacy Protection Act