COMMERCE

Foreign Direct Investment

Foreign Direct Investment: An Overview

The International Monetary Fund (“IMF”) defines foreign direct investment (“FDI”) as a “cross-border investment” in which an investor that is “resident in one economy [has] control or a significant degree of influence on the management of an enterprise that is resident in another economy.” IMF, Balance of Payments and International Investment Position Manual 100 (6th ed. 2009).

Clean Air Act (CAA)

The Clean Air Act (CAA) U.S.C. Title 42, Chapter 85

A part of Environmental Law, the CAA is a massive piece of legislation from the 1970s, that promulgates uniform national standards for a wide range of air pollutants and sources, through a handful of systems.  The CAA uses a two prong attack - in addition to regulating the air quality levels, it also allows regulate sources of pollution. 
 

 See EPA Website:  http://www.epa.gov/air/caa/

Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

Overview

The Comprehensive Environmental Response, Compensation and Liability Act is better known as CERCLA. It is codified in 42 U.S.C. Chapter 103.

Low-profit limited liability company (L3C)

Definition

A type of limited liability partnership (LLP), which operates to “significantly further the accomplishment of one or more charitable or educational purposes". Unlike a non-profit charitable organization, L3Cs may make a small profit, as long as that is the secondary goal of the organization.

American Clean Energy and Security Act of 2009

Also called the Waxman-Markey Bill, this legislation sought to address climate change while building a clean energy economy. Among other things, this bill established a national cap-and-trade system for greenhouse gases and promoted renewable sources of energy.

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