
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 22USC3101]

 
               TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
 
    CHAPTER 46--INTERNATIONAL INVESTMENT AND TRADE IN SERVICES SURVEY
 
Sec. 3101. Congressional statement of findings and declaration 
        of purpose
        

(a) Findings

    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 
    years;
        (3) such investment significantly affects the economies of the 
    United States and other nations;
        (4) international efforts 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;
        (7) United States service industries engaged in interstate and 
    foreign commerce account for a substantial part of the labor force 
    and gross national product of the United States economy, and such 
    commerce is rapidly increasing;
        (8) international trade and services is an important issue for 
    international negotiations and deserves priority in the attention of 
    governments, international agencies, negotiators, and the private 
    sector; and
        (9) existing estimates of international investment and trade in 
    services, 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    scope and are based on outdated statistical bases, reports, and 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) Purpose

    It is therefore the purpose of this chapter to provide clear and 
unambiguous authority for the President to collect information on 
international investment and United States foreign trade in services, 
whether directly or by affiliates, including related information 
necessary for assessing the impact of such investment and trade, to 
authorize the collection and use of information on direct investments 
owned or controlled directly or indirectly by foreign governments or 
persons, and to provide analyses of such information to the Congress, 
the executive agencies, and the general public. It is the intent of the 
Congress that information which is collected from the public under this 
chapter 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 and trade in services.

(c) Nonrestraint and nondeterrence of investment

    Nothing in this chapter is intended to restrain or deter foreign 
investment in the United States, United States investment abroad, or 
trade in services.

(Pub. L. 94-472, Sec. 2, Oct. 11, 1976, 90 Stat. 2059; Pub. L. 98-573, 
title III, Sec. 306(b)(2), Oct. 30, 1984, 98 Stat. 3009; Pub. L. 101-
533, Sec. 6(A)[(a)], Nov. 7, 1990, 104 Stat. 2348.)


                               Amendments

    1990--Subsec. (b). Pub. L. 101-533 inserted ``to authorize the 
collection and use of information on direct investments owned or 
controlled directly or indirectly by foreign governments or persons,'' 
after ``the impact of such investment and trade,'' in first sentence.
    1984--Subsec. (a)(7) to (9). Pub. L. 98-573, Sec. 306(b)(2)(A), 
added pars. (7) and (8), redesignated former par. (7) as (9), and 
inserted ``and trade in services'' after ``international investment'' in 
par. (9).
    Subsec. (b). Pub. L. 98-573, Sec. 306(b)(2)(B), substituted 
``international investment and United States foreign trade in services, 
whether directly or by affiliates, including related information 
necessary for assessing the impact of such investment and trade,'' for 
``international investment'', and ``international investment and trade 
in services'' for ``international investment''.
    Subsec. (c). Pub. L. 98-573, Sec. 306(b)(2)(C), inserted reference 
to trade in services.


                               Short Title

    Section 1 of Pub. L. 94-472, as amended by Pub. L. 98-573, title 
III, Sec. 306(b)(1), Oct. 30, 1984, 98 Stat. 3009, provided that: ``This 
Act [enacting this chapter] may be cited as the `International 
Investment and Trade in Services Survey Act'.''

   Ex. Ord. No. 11961. International Investment and Trade in Services

    Ex. Ord. No. 11961, Jan. 19, 1977, 42 F.R. 4321, as amended by Ex. 
Ord. No. 12013, Oct. 7, 1977, 42 F.R. 54931; Ex. Ord. No. 12318, Aug. 
21, 1981, 46 F.R. 42833; Ex. Ord. No. 12518, June 3, 1985, 50 F.R. 
23661, provided:
    By virtue of the authority vested in me by the International 
Investment and Trade in Services Survey Act (90 Stat. 2059, 22 U.S.C. 
3101) [this chapter], and section 301 of title 3 of the United States 
Code, and as President of the United States of America, it is hereby 
ordered as follows:
    Section 1. All the functions vested in the President by the 
International Investment and Trade in Services Survey Act (90 Stat. 
2059, 22 U.S.C. 3101) [this chapter], hereinafter referred to as the 
Act, are hereby delegated to the Director of the Office of Management 
and Budget, hereinafter referred to as the Director. The Director may, 
from time to time, designate other officers or agencies of the Federal 
Government to perform any or all of the functions hereby delegated to 
the Director, subject to such instructions, limitations, and directions 
as the Director deems appropriate.
    Sec. 2. Subject to the provisions of section 1 of this order, and in 
the absence of any contrary delegation or direction by the Director, the 
Secretary of the Treasury, with respect to portfolio investment, shall 
perform the functions set forth in sections 4(a)(1), (2), (5) and 4(c) 
of the Act [22 U.S.C. 3103(a)(1), (2), (5) and (c)].
    Sec. 3. Subject to the provisions of section 1 of this order, and in 
the absence of any contrary delegation or direction by the Director, the 
Secretary of Commerce, with respect to direct investment and trade in 
services, shall perform the functions set forth in sections 4(a)(1), 
(2), (4), (5) and 4(b) of the Act [22 U.S.C. 3103(a)(1), (2), (4), (5) 
and (b)].
    Sec. 4. Subject to the provisions of section 1 of this order, and in 
the absence of any contrary delegation or direction by the Director, the 
Secretary of Commerce shall perform the function of making periodic 
reports to the Committees of the Congress as set forth in Section 
4(a)(3) of the Act [22 U.S.C. 3103(a)(3)].

                  Section Referred to in Other Sections

    This section is referred to in section 3141 of this title.
