Page:United States Statutes at Large Volume 88 Part 2.djvu/135

 88 STAT. ]

PUBLIC LAW 93-479-OCT. 26, 1974

1451

(8) analyze the ettect of Federal, regional, State, and local laws, rules, regulations, controls, and policies on foreign direct investment activities in the United States; (9) compare the purpose and effect of United States, State, and local laws, rules, regulations, programs, and policies on foreign direct investment in the United States with laws, rules, regulations, programs, and policies of selected nations and areas where such comparison may be informative; (10) compare and contrast the foreign direct investment activities in the United States with the investment activities of American investors abroad and appraise the impact of such American activities abroad on the investment activities and policies of foreign firms in the United States; (11) study the adequacy of information, disclosure, and reporting requirements and procedures; (12) determine the effects of variations between accounting, financial reporting, and other business practices of xlmerican and foreign investors on foreign investment activities in the United States; and (13) study and recommend means whereby information and statistics on foreign direct investment activities can be kept current. SEC. 6. The Secretary of the Treasury shall carry out that part of ^^f °^'ent°stud"° the study authorized in section 2 of this Act relating to foreign port15 USC v'sb folio investment, and shall, to the extent he determines feasible, "°te. specifically—• (1) investigate and review the nature, scope, and magnitude of foreign portfolio investment activities in the United States; (2) survey the reasons for foreign portfolio investment in the United States; (3) identify the processes and mechanisms through which foreign portfolio investment is made in the United States, the financing methods used, and the effects of foreign portfolio investment on American financial markets; (4) analyze the effects of foieign portfolio investment on the United States balance of payments and the United States international investment position; (5) study and analyze the concentration and distribution of foreign portfolio investment in specific United States economic sectors; (6) study the effect of Federal securities laws, rules, regulations, and policies on foreign portfolio investment activities in the United States; (7) compare the purpose and effect of United States, State, and local laws, rules, regulations, programs, and policies on foreign portfolio investment in the United States with laws, rules, regulations, programs, and policies of selected nations and areas where such comparison may be informative; (8) compare the foreign portfolio investment activities in the United States with information available on the portfolio investment activities of American investors abroad; (9) study adequacy of information, disclosures, and reporting requirements and procedures; and (10) study and recommend means w'hereby information and statistics on foreign portfolio investment activities can be kept current.

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