§ 3102. — Definitions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC3102]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 46--INTERNATIONAL INVESTMENT AND TRADE IN SERVICES SURVEY
Sec. 3102. Definitions
As used in this chapter, the term--
(1) ``United States'', when used in a geographic sense, means
the several States, the District of Columbia, the Commonwealth of
Puerto Rico, the Canal Zone, and all territories and possessions of
the United States;
(2) ``foreign'', when used in a geographic sense, means that
which is situated outside the United States or which belongs to or
is characteristic of a country other than the United States;
(3) ``person'' means any individual, branch, partnership,
associated group, association, estate, trust, corporation, or other
organization (whether or not organized under the laws of any State),
and any government (including a foreign government, the United
States Government, a State or local government, and any agency,
corporation, financial institution, or other entity or
instrumentality thereof, including a government-sponsored agency);
(4) ``United States person'' means any person resident in the
United States or subject to the jurisdiction of the United States;
(5) ``foreign person'' means any person resident outside the
United States or subject to the jurisdiction of a country other than
the United States;
(6) ``business enterprise'' means any organization, association,
branch, or venture which exists for profitmaking purposes or to
otherwise secure economic advantage, and any ownership of any real
estate;
(7) ``parent'' means a person of one country who, directly or
indirectly, owns or controls 10 per centum or more of the voting
stock of an incorporated business enterprise, or an equivalent
ownership interest in an unincorporated business enterprise, which
is located outside that country;
(8) ``affiliate'' means a business enterprise located in one
country which is directly or indirectly owned or controlled by a
person of another country to the extent of 10 per centum or more of
its voting stock for an incorporated business or an equivalent
interest for an unincorporated business, including a branch;
(9) ``international investment'' means (A) the ownership or
control, directly or indirectly, by contractual commitment or
otherwise, by foreign persons of any interest in property in the
United States, or of stock, other securities, or short- and long-
term debt obligations of a United States person, and (B) the
ownership or control, directly or indirectly, by contractual
commitment or otherwise, by United States persons of any interest in
property outside the United States, or of stock, other securities,
or short-and long-term debt obligations of a foreign person;
(10) ``direct investment'' means the ownership or control,
directly or indirectly, by one person of 10 per centum or more of
the voting securities of an incorporated business enterprise or an
equivalent interest in an unincorporated business enterprise; and
(11) ``portfolio investment'' means any international investment
which is not direct investment.
(Pub. L. 94-472, Sec. 3, Oct. 11, 1976, 90 Stat. 2060.)
References in Text
For definition of Canal Zone, referred to in par. (1), see section
3602(b) of this title.
Section Referred to in Other Sections
This section is referred to in section 3146 of this title; title 13
section 401.
