42 U.S.C. § 13525 : US Code - Section 13525: Limits on participation by companies

Search 42 U.S.C. § 13525 : US Code - Section 13525: Limits on participation by companies

A company shall be eligible to receive financial assistance under
subchapters VIII through XI of this chapter only if -
(1) the Secretary finds that the company's participation in any
program under such subchapters would be in the economic interest
of the United States, as evidenced by investments in the United
States in research, development, and manufacturing (including,
for example, the manufacture of major components or subassemblies
in the United States); significant contributions to employment in
the United States; an agreement with respect to any technology
arising from assistance provided under this section to promote
the manufacture within the United States of products resulting
from that technology (taking into account the goals of promoting
the competitiveness of United States industry), and to procure
parts and materials from competitive suppliers; and
(2) either -
(A) the company is a United States-owned company; or
(B) the Secretary finds that the company is incorporated in
the United States and has a parent company which is
incorporated in a country which affords to United States-owned
companies opportunities, comparable to those afforded to any
other company, to participate in any joint venture similar to
those authorized under this Act; affords to United States-owned
companies local investment opportunities comparable to those
afforded to any other company; and affords adequate and
effective protection for the intellectual property rights of
United States-owned companies.