An amendment to control the diversion of national defense technologies to foreign ownership by prohibiting the merger, acquisition, or takeover of any domestic defense-related company any foreign national who is under investigation under provisions of the Defense Production Act, unless the Secretary of Defense certifies that such action would not pose a significant risk of diversion of sensitive defense technology from the U.S. to a foreign firm or government or would not otherwise harm national security. The amendment would also direct the Secretary of Energy to conduct a program to develop a reduced enrichment research test reactor, and authorizes $4.3 million for such purpose.

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Amendment Number
598
Description
An amendment to control the diversion of national defense technologies to foreign ownership by prohibiting the merger, acquisition, or takeover of any domestic defense-related company any foreign national who is under investigation under provisions of the Defense Production Act, unless the Secretary of Defense certifies that such action would not pose a significant risk of diversion of sensitive defense technology from the U.S. to a foreign firm or government or would not otherwise harm national security. The amendment would also direct the Secretary of Energy to conduct a program to develop a reduced enrichment research test reactor, and authorizes $4.3 million for such purpose.
Purpose
Amendment controls the diversion of national defense technologies to foreign ownership by prohibiting the merger, acquisition, or takeover of any domestic defense-related company any foreign national who is under investigation under provisions of the Defense Production Act, unless the Secretary of Defense certifies that such action would not pose a significant risk of diversion of sensitive defense technology from the U.S. to a foreign firm or government or would not otherwise harm national security. The amendment would also direct the Secretary of Energy to conduct a program to develop a reduced enrichment research test reactor, and authorizes $4.3 million for such purpose.
Congress
102
Type
HAMDT
Latest Action Date
Jun 5, 1992
Latest Action Text
On agreeing to the Armed Services amendment Agreed to by voice vote.
Latest Action Time
13:30:42
Submitted Date
Jun 5, 1992
Chamber
House of Representatives
Update Date
Jul 10, 2021
Amendment 598 — Informed