H.R. 221: SMART SALE Act of 2013

Introduced:
Jan 14, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. Marsha Blackburn [R-TN7]
Status:
Referred to Committee

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was assigned to a congressional committee on January 14, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Jan 14, 2013
Referred to Committee Jan 14, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

10% chance of getting past committee.
1% chance of being enacted.

Only 11% of House bills made it past committee and only 3% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
4 cosponsors (4R) (show)
Committees

House Energy and Commerce

↪ Energy and Power

House Science, Space, and Technology

The committee chair determines whether a bill will move past the committee stage.

Full Title

To require reports on the acquisitions by certain foreign persons of companies that have received American taxpayer research and development funding, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jan 14, 2013.
9 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

1/14/2013--Introduced.
Stop Mergers, Acquisitions, and Risky Takeovers Supplied by American Labor and Entrepreneurship Act of 2013 or the SMART SALE Act of 2013 - Requires any person, company, institution, or other entity engaged in interstate commerce that owns, licenses, or otherwise holds an interest in a federally-funded technology, or to which federal energy research and development funding has been obligated by a federal agency (covered entity), to notify the Secretary of Energy (DOE) not later than seven days after entering into negotiations for any proposed or pending merger, acquisition, takeover, or other transfer that could result in control of such covered entity by:
(1) the government of the Peoples's Republic of China, the Democratic People's Republic of Korea, or a country that is a state sponsor of terrorism or that provides sanctuary to a foreign terrorist organization;
(2) a citizen of such a country who owes permanent allegiance to such country; or
(3) a corporation or other legal entity which is 50% owned by a citizen of such a country.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)