The law, passed by Congress [JURIST report] in July 2007, stems from congressional criticism [JURIST report] of a proposed acquisition by United Arab Emirates-owned Dubai Ports World [corporate website] that would have allowed the company to manage six major US ports in early 2006. The deal eventually fell through [JURIST report], but prompted Congress to pass the legislation to increase scrutiny of foreign investment proposals. AP has more.
Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.