Sec. 13. Relationship to other laws
377 words·~2 min read·
/bill/118/s/686/is/section-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as expressly provided herein, nothing in this Act shall be construed to alter or affect any other authority, process, regulation, investigation, enforcement measure, or review provided by or established under any other provision of Federal law, including the Federal Acquisition Regulation or the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ), or any other authority of the President or Congress under the Constitution of the United States. Notwithstanding section 721(d)(4)(B) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(d)(4)(B) ), nothing in this Act shall prevent or preclude the President or the Committee on Foreign Investment in the United States from exercising any authority under section 721 of the Defense Production Act of 1950 ( 50 U.S.C. 4565 et seq. ), as would be available in the absence of this Act.
The President may not exercise any authority under section 4 with respect to a covered holding that directly resulted from a transaction if— the Committee on Foreign Investment in the United States reviewed the transaction (or a broader transaction that included the transaction) as a covered transaction (as defined in section 721(a)(4) of the Defense Production Act of 1950 ( 50 U.S.C. 4565(a)(4) ) and its implementing regulations; and under section 721 of the Defense Production Act of 1950 ( 50 U.S.C. 4565 )— the Committee on Foreign Investment in the United States cleared the transaction and notified the parties to the transaction (or a broader transaction that included the transaction) that the Committee on Foreign Investment in the United States completed all action with respect to the transaction (or a broader transaction that included the transaction); or the President announced a decision declining to take action with respect to the transaction (or a broader transaction that included the transaction).
The Secretary shall address coordination with respect to review by the Committee on Foreign Investment in the United States in implementing the procedures under this Act. The Secretary may not initiate a review of any transaction that involves the acquisition of an information and communications technology product or service by a United States person as a party to a transaction— authorized under a United States government-industrial security program; or to meet an articulable national security or law enforcement requirement.
Connectionstraces to 2
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources