Bill summaries are authored by CRS.

Shown Here:
Passed House without amendment (06/30/2005)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Declares the sense of the House of Representatives that: (1) the Chinese state-owned China National Offshore Oil Corporation, through control of Unocal Corporation obtained by the proposed acquisition, merger, or takeover of Unocal Corporation, could take action that would threaten to impair the national security of the United States; and (2) if Unocal Corporation enters into an agreement of acquisition, merger, or takeover of Unocal Corporation by the China National Offshore Oil Corporation, the President should initiate immediately a thorough review of the proposed acquisition, merger, or takeover.