Act of Parliament | |
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. |
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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Text of statute as originally enacted | |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]
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]
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.
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