Exon-Florio Amendment

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The Exon-Florio Amendment was enacted by the United States Congress in 1988 to review foreign investment within the United States. This amendment was added to 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." ^{[1] [2]}

The amendment was sponsored by J. James Exon and James Florio.

[edit] References

1. ^ Omnibus Trade and Competitiveness Act of 1988, 5021, Public Law 100-418, US Statutes at Large 102(1988): 1107
2. ^ Graham, Edward M. David M. Marchick (2006). US National Security and Foreign Direct Investment. ISBN 978-0-88132-391-7 [1]