Page:RESTRICT Act (S. 686, as introduced).pdf/51

From Wikisource
Jump to navigation Jump to search
This page has been proofread, but needs to be validated.

51

(B) under section 721 of the Defense Production Act of 1950 (50 U.S.C. 4565)—

(i) 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

(ii) the President announced a decision declining to take action with respect to the transaction (or a broader transaction that included the transaction).

(3) Coordination.—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.

(c) Limitation of Authority of the Secretary.—The Secretary may not initiate a review of any transaction that involves the acquisition of an information