PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1797)
Congressional Research Service
Version 00 · Introduced in Senate · Mar 6, 2006
Foreign Investment Transparency and Security Act of 2006 - Amends the Homeland Security Act of 2002 to permit a foreign government controlled entity to acquire, own, or otherwise control or manage any critical infrastructure of the United States only through the establishment or operation of a foreign owned general business corporation that has a board of directors, the majority of which is comprised of U.S. citizens, and a chief security officer who is a U.S. citizen.
People & committees
Sen. Coleman, Norm [R-MN] · R–MN
Legislative record
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1797)
Introduced in Senate
Primary sources
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Source last updated: Feb 10, 2026. Consult Congress.gov for the current record.
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Analyze S.2374 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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Examine S.2374 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
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