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International Investment and Trade in Services Survey Act
Understanding the International Investment and Trade in Services Survey Act
Definition & Meaning
The International Investment and Trade in Services Survey Act is a federal law that governs the collection of information related to international investments and the U.S. foreign trade in services. This Act is designed to provide the President with the authority to gather data on investments made by foreign entities in the United States. It is particularly focused on investments that may significantly impact the U.S. economy and is administered by the Bureau of Economic Analysis (BEA) within the Department of Commerce.
Table of content
Legal Use & context
This Act is relevant in various legal contexts, particularly in economic and trade law. It is used to ensure transparency in foreign investments, which can affect national security and economic stability. Legal professionals might encounter this Act when dealing with international business transactions, compliance issues, or economic analysis. Users can manage related documentation using legal templates available through US Legal Forms.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
For instance, if a foreign company plans to invest in a U.S. manufacturing plant, the Act mandates reporting of this investment to the BEA. This ensures that the government can monitor foreign influence on domestic industries. (Hypothetical example)
Relevant laws & statutes
The primary statute governing this area is the International Investment and Trade in Services Survey Act, codified at 22 USCS § 3101. This Act outlines the framework for data collection and reporting requirements related to foreign investments.
Comparison with related terms
Term
Definition
Key Differences
Foreign Investment Risk Review Modernization Act
A law that reviews foreign investments for national security risks.
This Act focuses on security implications, while the International Investment and Trade in Services Survey Act centers on economic data collection.
Trade Act
A law governing trade agreements and tariffs.
The Trade Act emphasizes trade policies, whereas the International Investment and Trade in Services Survey Act is concerned with investment data.
Common misunderstandings
What to do if this term applies to you
If you are involved in international investments or foreign trade, ensure compliance with the reporting requirements set forth by the Act. You can use US Legal Forms to find templates and resources that can help you navigate these obligations. If your situation is complex, consider consulting a legal professional for tailored advice.
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