Page:United States Statutes at Large Volume 90 Part 2.djvu/591

 90 STAT. 2059

PUBLIC LAW 94-472—OCT. 11, 1976

Public Law 94-472 94th Congress An Act To supplement the authority of the President to collect regular and periodic information on international investment. Be it enacted by the Senate and House of Representatives United States of America in Congress assembled,

Oct. 11, 1976 [S. 28391

of the

International Investment Survey Act of SHORT TITLE 1976. SECTION 1. This Act niav be cited as the "International Investment 22 USC 3101 note. Survey Act of 1976". FINDINGS AND PURPOSE

SEC. 2. (a) The Congress finds and declares that— (1) the United States Government is presently authorized to collect limited amounts of information on United States investment abroad and foreign investment in the United States; (2) international investment has increased rapidly within recent year s; (3) such investment significantly aflfects the economies of the United States and other nations; (4) international eli'orts to obtain information on the activities of multinational enterprises and other international investors have accelerated recently; (5) the potential consequences of international investment cannot be evaluated accurately because the United States Government lacks sufficient information on such investment and its actual or possible effects on the national security, commerce, employment, inflation, general welfare, and foreign policy of the United States; (6) accurate and comprehensive information on international investment is needed by the Congress to develop an informed United States policy on such investment; and (7) existing estimates of international investment, collected under existing legal authority, are limited in scope and are based on outdated statistical bases, reports, and information which are insufficient for policy formulation and decisionmaking. (b) I t is therefore the purpose of this Act to provide clear and unambiguous authority for the President to collect information on international investment and to provide analyses of such information to the Congress, the executive agencies, and the general public. I t is the intent of the Congress that information which is collected from the public under this Act be obtained with a minimum burden on business and other respondents and with no unnecessary duplication of effort, consistent with the national interest in obtaining comprehensive and reliable information on international investment. (c) Nothing in this Act is intended to restrain or deter foreign investment in the United States or United States investment abroad.

22 USC 3101. U.S. and foreign investment information.

Presidential authority. Information analyses, availability.

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