CURRENT RESEARCH

Report for the OECD Investment Committee's Roundtable (Paris 2007) on Freedom of Investment, National Security, and 'Strategic' Industries

Maeve Dion. Legal Research Associate. Email.
May 2008.

SUMMARY

In November 2007, the Organisation for Economic Co-operation and Development asked the CIP Program to draft a whitepaper for its next Roundtable on Freedom of Investment, National Security and ‘Strategic’ Industries (Paris, Dec. 13, 2007). The whitepaper gave us the opportunity to revisit our work on foreign direct investment in the United States, focusing on national security restrictions and the Foreign Investment and National Security Act of 2007 that came into force on October 24, 2007. A summary of the key issues and an overview of the new law was published in the January 2008 edition of the CIP Report.

A public version of the OECD whitepaper is available here. Additional related material can be found on the OECD's website in the section on preventing investment protectionism.

REFERENCES: Below are links to some new documents (PDF files) relevant to this project:

Foreign Investment and National Security Act of 2007, Pub. L. No. 110-49, 121 Stat. 246.

Report on U.S. Critical Technology Companies: Report to Congress on Foreign Acquisitions of and Espionage Activities against U.S. Critical Technology Companies, UNCLASSIFIED (Sept. 2007, declassified version of Dec. 2006 report.).

Export Controls: CFIUS & OFAC Implemented Prior OIG Recommendations (Audit Report, Office of Inspector General, Department of Treasury), OIG-07-040, June 12, 2007.