Thursday, March 09, 2006
TOLLROADSnews: HR4881 - overseas investment in US infrastructure to be banned?
2006.03.09
THE REDNECK THREAT
HR4881 - overseas investment in US infrastructure to be banned?
In the wake of the Dubai Ports fuss all kinds of bills are being tabled in the Congress restricting foreign ownership. Brian Chase of the Nossaman law firm thinks one at least could restrict international investment in highways - HR4881 titled the National Defense Critical Infrastructure Protection Act of 2006. It is sponsored by Armed Services Committee Chairman Duncan Hunter (R-Calif). HR4881 would prevent non-US corporations from owning, operating or managing any system or asset included on a new national defense critical infrastructure list. The list would be developed by the Secretaries of Defense and Homeland Security.
See also:
Port Firm Says Sale Can't Hurt Security
Dubai Firm to Sell U.S. Port Operations
[Op-Ed] Burning Allies -- and Ourselves
[Opinion] Happy Now?
[Opinion] An ally bows out
DP World and U.S. Trade: A Zero-Sum Game
DP World's decision yesterday to transfer a handful of American port terminals, rather than chilling interest in investing in the United States, may actually have made it safer for foreigners by relieving some of the political pressure that was building up against them.
But as part of a pattern of other antiforeign actions in Washington, fears remain that the United States is becoming a less welcoming place for investment from overseas.
THE REDNECK THREAT
HR4881 - overseas investment in US infrastructure to be banned?
In the wake of the Dubai Ports fuss all kinds of bills are being tabled in the Congress restricting foreign ownership. Brian Chase of the Nossaman law firm thinks one at least could restrict international investment in highways - HR4881 titled the National Defense Critical Infrastructure Protection Act of 2006. It is sponsored by Armed Services Committee Chairman Duncan Hunter (R-Calif). HR4881 would prevent non-US corporations from owning, operating or managing any system or asset included on a new national defense critical infrastructure list. The list would be developed by the Secretaries of Defense and Homeland Security.
See also:
Port Firm Says Sale Can't Hurt Security
Dubai Firm to Sell U.S. Port Operations
[Op-Ed] Burning Allies -- and Ourselves
[Opinion] Happy Now?
[Opinion] An ally bows out
DP World and U.S. Trade: A Zero-Sum Game
DP World's decision yesterday to transfer a handful of American port terminals, rather than chilling interest in investing in the United States, may actually have made it safer for foreigners by relieving some of the political pressure that was building up against them.
But as part of a pattern of other antiforeign actions in Washington, fears remain that the United States is becoming a less welcoming place for investment from overseas.
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