Posted on 03/01/2006 6:27:28 AM PST by OXENinFLA
I'd have to dig, but my guess is the EO follows legislation.
The Statute. Section 5021 of the Omnibus Trade and Competitiveness Act of 1988 amended Section 721 of the Defense Production Act of 1950 to provide authority to the President to suspend or prohibit any foreign acquisition, merger or takeover of a U.S. corporation that is determined to threaten the national security of the United States. ...http://www.ustreas.gov/offices/international-affairs/exon-florio/
Unable to pacify Congress with data and studies arguing the adequacy of the existing regulatory regime, the White House had to make a substantial and publicly visible move. It pledged to Congress that it would create a high-level interagency committee, reporting directly to the President, charged with monitoring incoming investments. While the powers of the proposed committee, CFIUS, would not approach those of the kind of screening agency some in Congress had proposed, the pledge to create the committee was a politically meaningful gesture to the policy entrepreneurs in Congress who had invested considerable political capital in the IFDI issue. After all, the establishment of CFIUS added a new bureaucratic entity to the executive branch that the President did not really want and created a potential entry point for congressional intervention in the President’s conduct of IFDI policy. When the White House outlined the plan for establishing CFIUS, policymakers in Congress recognized the gesture for what it was and welcomed the proposal. The favorable response moved the White House to seek immediate implementation of the plan.CFIUS Info
As long as there is give and take, the people have an opportunity to see the arguments. Once give and take stops, we're fully "subjects."
I like this guy alot - have more respect for him than any other Senator that comes to mind. I think his style is to stay one layer behind leadership - "the mind behind the front man." I like him much better than Hatch (and I generally like Hatch). McConnell is an unsung hero.
100 refrigerated trucks carrying ice waited 12 days in Alabama (instead of delivering to Katrina victims), then one driver tooks his load to Massachusetts. One driver earned 15 grand for this CF.
Next thing, Dorgan will advocate for MORE federal government.
The President intends to nominate Kenneth L. Wainstein, of Virginia, to be an Assistant Attorney General and upon appointment, designate him as Assistant Attorney General for National Security. Mr. Wainstein currently serves as the United States Attorney for the District of Columbia. He previously served as Chief of Staff at the Federal Bureau of Investigation. Prior to that, Mr. Wainstein served as the FBI's General Counsel. Earlier in his career, he served as a federal prosecutor for twelve years. Mr. Wainstein received his bachelor's degree from the University of Virginia and his JD from the University of California at Berkley.The President intends to nominate Jonann E. Chiles, of Arkansas, to be a Member of the Board of Directors of the Legal Services Corporation, for the remainder of a three-year term expiring July 13, 2008.
http://www.whitehouse.gov/news/releases/2006/03/20060313.html
President's budget in 2005 and 2006 did not include unding for activity in Iraq or Afghanistan. This year, 50 billion ("placeholder") IS in the budget - but "everyone knows significantly more will be needed." This is not responsible budgeting, says Sarbanes.
Ho goes on the the "cost" of fixing the Alternative Minimum Tax. That is, he will be advocating tax increase on some category of tax payer.
http://www.freerepublic.com/focus/f-news/1596078/posts
Mr. FRIST. Mr. President, this morning we are starting consideration of the budget resolution which was reported out of the Committee on the Budget on Thursday. The chairman and ranking member are here and we will open the debate this morning.The Budget Act provides for up to 50 hours of debate. Therefore, I hope Senators will come to the Senate today and use that time for their opening statements. ...
This week we will complete action on the budget. And we will complete action on the debt limit.
5 . SCHEDULE -- (Senate - March 13, 2006)
The following bills and joint resolutions were introduced, read the first and second times by unanimous consent, and referred as indicated:By Ms. COLLINS (for herself, Mr. LIEBERMAN, Mr. COLEMAN, Mr. AKAKA, Mr. TALENT, and Mr. GRAHAM):
S. 2400. A bill to transfer authority to review certain mergers, acquisitions, and takeovers of United States entities by foreign entities to a designee established within the Department of Homeland Security, and for other purposes; to the Committee on Banking, Housing, and Urban Affairs. ...
By Mr. DEMINT:
S. 2404. A bill to extend the duty suspension on o-tert-Butylcyclohexanol ...
S. 2405. A bill to extend the temporary duty suspension for acentanisole ...
S. 2406. A bill to suspend temporarily the duty on 1,2 Pentanediol ...
S. 2407. A bill to suspend temporarily the duty on p-Anisaldehyde; to the Committee on Finance.32 . INTRODUCTION OF BILLS AND JOINT RESOLUTIONS
The following budgetary levels are appropriate for each of fiscal years 2006 through 2011:(1) FEDERAL REVENUES.--For purposes of the enforcement of this resolution:
(A) The recommended levels of Federal revenues are as follows:
Fiscal year 2006: $1,694,445,000,000.
Fiscal year 2007: $1,786,173,000,000.
Fiscal year 2008: $1,914,133,000,000.
Fiscal year 2009: $2,012,736,000,000.
Fiscal year 2010: $2,122,301,000,000.
Fiscal year 2011: $2,203,236,000,000.(B) The amounts by which the aggregate levels of Federal revenues should be reduced are as follows:
Fiscal year 2006: -$9,746,000,000.
Fiscal year 2007: -$33,426,000,000.
Fiscal year 2008: -$7,643,000,000.
Fiscal year 2009: -$18,835,000,000.
Fiscal year 2010: -$13,676,000,000.
Fiscal year 2011: -$153,835,000,000.(4) DEFICITS.--For purposes of the enforcement of this resolution, the amounts of the deficits are as follows:
Fiscal year 2006: -$552,064,000,000.
Fiscal year 2007: -$554,290,000,000.
Fiscal year 2008: -$465,585,000,000.
Fiscal year 2009: -$428,833,000,000.
Fiscal year 2010: -$408,591,000,000.
Fiscal year 2011: -$442,137,000,000.(5) DEBT SUBJECT TO LIMIT.--The appropriate levels of the public debt are as follows:
Fiscal year 2006: $8,526,578,000,000.
Fiscal year 2007: $9,190,311,000,000.
Fiscal year 2008: $9,766,883,000,000.
Fiscal year 2009: $10,302,957,000,000.
Fiscal year 2010: $10,815,812,000,000.
Fiscal year 2011: $11,355,281,000,000.36 . SUBMITTED RESOLUTIONS DURING ADJOURNMENT
SA 3003. Mr. KENNEDY submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 83, setting forth the congressional budget for the United States Government for fiscal year 2007 and including the appropriate budgetary levels for fiscal years 2006 and 2008 through 2011; which was ordered to lie on the table; as follows: ...This title may be cited as the ``End Child Poverty Act''.
SA 3012. Mr. KENNEDY submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 83, setting forth the congressional budget for the United States Government for fiscal year 2007 and including the appropriate budgetary levels for fiscal years 2006 and 2008 through 2011; which was ordered to lie on the table; as follows:
SEC. __. SENSE OF THE SENATE CONCERNING AN INCREASE IN THE MINIMUM WAGE.
It is the sense of the Senate that the levels in this resolution assume that Congress should enact legislation to amend the Fair Labor Standards Act of 1938 (29 U.S.C. 201 et seq.) to increase the Federal minimum wage by $2.10, with a $0.70 increase effective 60 days after the passage of this resolution, a $0.70 increase effective 12 months after that 60th day, and a $0.70 increase effective 24 months after that 60th day.
42 . TEXT OF AMENDMENTS -- (Senate - March 13, 2006)
Mr. FRIST. Mr. President, we are going to have a very busy day tomorrow and, indeed, a very busy week. We need to work through amendments on the budget resolution. At 3 p.m. tomorrow, we will have a series of votes on amendments. Senators should plan to be in the Chamber for six back-to-back votes. Senators who are planning to offer amendments should be working with the two managers, Senator Gregg and Senator Conrad. Senators should expect full days and some late nights and should plan their schedules accordingly. There will be additional votes tomorrow after the stacked votes at 3 p.m. 52 . PROGRAM
Just saw this post about MCConnell...and I agree with you!!
Are you here all by yourself today???
I just got here...I HATE it when FR goes down...
After all of the times I have heard Kennedy rant and rave about raising the minimum wages...and get voted down..
they make it a sense of the Senate resolution?? Dang.
Conrad is getting snippy with Specter .. *L*
Robert Mendez up talking about the ports & security
That must have been brief. I missed it.
Durbin is up now to talk about the ports also
it's an amendment for 900 million dollars towards the ports/security
Have you seen this?
http://www.freerepublic.com/focus/f-news/1596330/posts
Schummer & Clinton also want to speak about this amendment for 900 million to the ports
Don't they have a bunch of Homeland Security money that they haven't be able to spend?
I believe so .. a few million if I recall correctly
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