National Security and Investment Act 2021

Last updated

National Security and Investment Act 2021
Act of Parliament
Royal Coat of Arms of the United Kingdom (variant 1, 1952-2022).svg
Long title An Act to make provision for the making of orders in connection with national security risks arising from the acquisition of control over certain types of entities and assets; and for connected purposes.
Citation 2021 c. 25
Introduced by Kwasi Kwarteng (Commons)
Lord Callanan (Lords)
Territorial extent  England and Wales, Scotland and Northern Ireland
Dates
Royal assent 29 April 2021
Status: Current legislation
History of passage through Parliament
Text of statute as originally enacted
Revised text of statute as amended

The National Security and Investment Act 2021 (c. 25) (NSIA) is an act of the Parliament of the United Kingdom which was announced in the Queen's Speech on 19 December 2019 and is a piece of legislation introduced in the House of Commons on 11 November 2020. Its Second Reading took place on 17 November 2020, and its Third Reading was scheduled for Wednesday 20 January 2021. [1] [2]

The NSIA was sponsored in the Commons by Alok Sharma, who was Secretary of State for Business, Energy and Industrial Strategy in the Second Johnson ministry. [3]

Commentary

While approaching its Third Reading, the Daily Telegraph was of the opinion that the "debate about foreign takeovers of companies central to the national interest - from technology to infrastructure - is certain to be a pulpit for argument between China hawks and doves." [2]

Related Research Articles

<span class="mw-page-title-main">Alok Sharma</span> British Conservative politician

Sir Alok Kumar Sharma is a British Conservative Party politician who served as President for COP26 from 2021 to 2022, having previously served as Secretary of State for Business, Energy and Industrial Strategy from 2020 to 2021 and Secretary of State for International Development from 2019 to 2020. He has been the Member of Parliament (MP) for Reading West since 2010.

<span class="mw-page-title-main">Fixed-term Parliaments Act 2011</span> United Kingdom legislation

The Fixed-term Parliaments Act 2011 (FTPA) was an Act of the Parliament of the United Kingdom which, for the first time, set in legislation a default fixed election date for general elections in the United Kingdom. It remained in force until 2022, when it was repealed. Since then, as before its passage, elections are required by law to be held at least once every five years, but can be called earlier if the prime minister advises the monarch to exercise the royal prerogative to do so. Prime ministers have often employed this mechanism to call an election before the end of their five-year term, sometimes fairly early in it. Critics have said this gives an unfair advantage to the incumbent prime minister, allowing them to call a general election at a time that suits them electorially. While it was in force, the FTPA removed this longstanding power of the prime minister.

<span class="mw-page-title-main">Marriage (Same Sex Couples) Act 2013</span> United Kingdom legislation

The Marriage Act 2013 is an Act of the Parliament of the United Kingdom which introduced same-sex marriage in England and Wales.

<span class="mw-page-title-main">Brexit</span> UK withdrawal from the European Union (2020)

Brexit was the withdrawal of the United Kingdom (UK) from the European Union (EU). It officially took place at 23:00 GMT on 31 January 2020. The UK is the only sovereign country to have left the EU. The UK had been a member state of the EU or its predecessor, the European Communities (EC), since 1 January 1973. Following Brexit, EU law and the Court of Justice of the European Union no longer have primacy over British laws. The European Union (Withdrawal) Act 2018 retains relevant EU law as domestic law, which the UK can amend or repeal.

<span class="mw-page-title-main">Nus Ghani</span> British Conservative Politician

Nusrat Munir Ul-Ghani is a British Conservative Party politician who has been Member of Parliament (MP) for Wealden in East Sussex since 2015. She currently serves as Minister of State for Industry and Economic Security in the Department for Business and Trade and the Cabinet Office. In January 2018, she became the first female Muslim minister to speak from the House of Commons despatch box.

<span class="mw-page-title-main">Tom Tugendhat</span> British politician (born 1973)

Thomas Georg John Tugendhat is a British politician who has served as Minister of State for Security since September 2022. A member of the Conservative Party, Tugendhat has been the Member of Parliament (MP) for Tonbridge and Malling since 2015. Additionally, he was the chair of the House of Commons Foreign Affairs Committee from 2017 to 2022.

Tomasz Kmiec is a Polish-Canadian politician who serves as the Member of Parliament for Calgary Shepard in the House of Commons of Canada under the Conservative Party of Canada, first elected in 2015. He currently serves as Shadow Minister for Immigration, Citizenship and Refugees.

<span class="mw-page-title-main">Alistair MacGregor</span> Canadian politician

Alistair Bruce MacGregor is a Canadian politician, who was elected to the House of Commons of Canada in the 2015 Canadian federal election to represent the electoral district of Cowichan—Malahat—Langford. He is a member of the New Democratic Party. During the 42nd Canadian Parliament, MacGregor sponsored three private member bills, though none reached second reading stage: Bill 252 to add Shawnigan Lake to the list of navigable waters regulated under the Navigation Protection Act, Bill C-279 to limit federal election campaigns to a maximum of 46 days, Bill C-430 to create an organic farming tax credit.

<span class="mw-page-title-main">Investigatory Powers Act 2016</span> United Kingdom legislation

The Investigatory Powers Act 2016 is an Act of the Parliament of the United Kingdom which received royal assent on 29 November 2016. Its different parts came into force on various dates from 30 December 2016. The Act comprehensively sets out and in limited respects expands the electronic surveillance powers of the British intelligence agencies and police. It also claims to improve the safeguards on the exercise of those powers.

<span class="mw-page-title-main">European Union (Withdrawal) Act 2018</span> United Kingdom legislation

The European Union (Withdrawal) Act 2018 is an Act of the Parliament of the United Kingdom to repeal the European Communities Act 1972, and for parliamentary approval to be required for any withdrawal agreement negotiated between the Government of the United Kingdom and the European Union. The bill's passage through both Houses of Parliament was completed on 20 June 2018 and it became law by Royal Assent on 26 June.

<span class="mw-page-title-main">European Union (Notification of Withdrawal) Act 2017</span> United Kingdom legislation

The European Union Act 2017 was an Act of the Parliament of the United Kingdom to empower the Prime Minister to give to the Council of the European Union the formal notice – required by Article 50 of the Treaty on European Union – for starting negotiations for the United Kingdom's withdrawal from the European Union. It was passed following the result of the 2016 United Kingdom European Union membership referendum held on 23 June in which 51.9% of voters voted to leave the European Union.

<span class="mw-page-title-main">Darren Jones (politician)</span> British Labour politician

Darren Paul Jones is a British Labour politician serving as Shadow Chief Secretary to the Treasury since 2023. He previously served as Chair of the House of Commons Business and Trade Select Committee from 2020 to 2023. He has been the Member of Parliament for Bristol North West since 2017.

<span class="mw-page-title-main">European Union (Withdrawal Agreement) Act 2020</span> Law which ratifies the UKs exit from the European Union

The European Union Act 2020 is an act of the Parliament of the United Kingdom that makes legal provision for ratifying the Brexit Withdrawal Agreement and incorporating it into the domestic law of the United Kingdom. It is the most significant constitutional piece of legislation to be passed by Parliament of the Second Johnson ministry. The Withdrawal Agreement was the result of Brexit negotiations.

<span class="mw-page-title-main">European Union (Withdrawal) (No. 2) Act 2019</span> United Kingdom legislation

The European Union (Withdrawal) Act 2019, informally referred to as the Benn Act, was an act of the Parliament of the United Kingdom that required the Prime Minister of the UK to seek an extension to the Brexit withdrawal date—then scheduled for 31 October 2019—in certain circumstances. The main provisions of the Act were triggered if the House of Commons did not give its consent to either a withdrawal agreement or leaving without a deal by 19 October 2019. The Act proposed a new withdrawal date of 31 January 2020, which the Prime Minister accepted if the proposal was accepted by the European Council.

<span class="mw-page-title-main">Sally-Ann Hart</span> British politician

Sally-Ann Hart is a British politician who has been the member of parliament (MP) for Hastings and Rye since 2019. A member of the Conservative Party, she succeeded Amber Rudd, the former home secretary.

<span class="mw-page-title-main">Anthony Mangnall</span> British politician

Anthony James Holland Mangnall, is a British Conservative Party politician, who serves as the Member of Parliament (MP) for Totnes since 2019.

The Integrated Review of Security, Defence, Development and Foreign Policy, often known as the Integrated Review, and titled as Global Britain in a Competitive Age, was a review carried out by the British government led by Boris Johnson into the foreign, defence, security and international development policies of the United Kingdom. Described by Johnson as "the largest review of its kind since the Cold War", the review was published on 16 March 2021.

<span class="mw-page-title-main">Dissolution and Calling of Parliament Act 2022</span> UK constitutional legislation

The Dissolution and Calling of Parliament Act 2022 is an Act of the Parliament of the United Kingdom that repealed the Fixed-term Parliaments Act 2011 and reinstated the prior constitutional situation, by reviving the prerogative powers of the monarch to dissolve and summon parliament. As the monarch exercises this power at the request of the prime minister, this restored the power of the prime minister to have a general election called at a time of their choosing.

<span class="mw-page-title-main">Trade Act 2021</span> United Kingdom legislation

The Trade Act 2021 is an act of the Parliament of the United Kingdom to make provision about the implementation of international trade agreements. It was introduced to the House of Commons on 19 March 2020 by the Secretary of State for International Trade Liz Truss, and introduced to the House of Lords on 21 July 2020 by Lord Grimstone of Boscobel. It received royal assent on 29 April 2021.

References

  1. "Research Briefing: National Security and Investment Bill 2019-21". Parliament.UK. 18 January 2021.
  2. 1 2 "How to deal with China is now the key question gripping the West". Telegraph Media Group Limited. 19 January 2021.
  3. "National Security and Investment Bill 2019-21". Parliament.UK. Retrieved 19 January 2021.