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Defense Trade: Implementation of Exon-Florio.

Publication: General Accounting Office Reports & Testimony
Publication Date: 01-JAN-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
GAO-06-135T October 6, 2005

The 1988 Exon-Florio amendment to the Defense Production Act authorizes the President to suspend or prohibit foreign acquisitions of U.S. companies that may harm national security, an action the President has taken only once. Implementing Exon-Florio can pose a...

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...significant challenge because of the need to weigh security concerns against U.S. open investment policy--which requires equal treatment of foreign and domestic investors. Exon-Florio's investigative...

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