Page:United States Statutes at Large Volume 104 Part 3.djvu/992

 104 STAT. 2344 PUBLIC LAW 101-533—NOV. 7, 1990 Public Law 101- 101st Congress 533 Nov. 7, 1990 [S. 2516] Foreign Direct Investment and International Fina ncial Data Improvements Act of 1990. Business and industry. 22 USC 3141 note. 22 USC 3141. 22 USC 3142. An Act To augment and improve the quality of international data compiled by the Bureau of Economic Analysis under the International Investment and Trade in Services Survey Act by allowing that agency to share statistical establishment list information compiled by the Bureau of the Census, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the "Foreign Direct Investment and International Financial Data Improvements Act of 1990". SEC. 2. FINDINGS. The Congress makes the following findings: (1) The United States Government collects substantial amounts of information from foreign owned or controlled business enterprises or affiliates operating in the United States. (2) Additional analysis and presentation of this information is desirable to assist the public debate on the issue of foreign direct investments in the United States. (3) Information collected from foreign owned or controlled firms by the Bureau of Economic Analysis has serious analj^- ical limitations because it is largely collected on an "enterprise" basis that does not permit an adequate analysis by industry groupings. (4) Statistical and analytic comparisons of the performance of foreign owned or controlled businesses operating within the United States with other business enterprises operating within the same industry can be accomplished under sections 20?) and 5(c) of the International Investment and Trade in Services Survey Act, and under Executive Order Numbered 11961, without the need to collect additional information, by sharing with other authorized Government agencies the employer identification numbers maintained by the Bureau of Economic Analysis. (5) Public disclosures of confidential business information collected by the United States Government relating to international direct investment flows could cause serious damage to the accuracy of the statistical data base. (6) The General Accounting Office may have limited access to Government data on foreign direct investment. SEC. 3. REPORT BY SECRETARY OF COMMERCE. (a) ANNUAL REPORT ON FOREIGN DIRECT INVESTMENT IN THE UNITED STATES.—Not later than 6 months after the date of the enactment of this Act, and not later than the end of each 1-year period occurring thereafter, the Secretary of Commerce shall submit to the Committee on Energy and Commerce, the Committee on Ways and Means, and the Committee on Foreign Affairs of the House of Representatives, to the Committee on Commerce, Science, 49-139 O - 90 (533)

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