Foreign Investment Transparency and Security Act of 2006

Foreign Investment Transparency and Security Act of 2006 - Amends the Homeland Security Act of 2002 to permit a foreign government controlled entity to acquire, own, or otherwise control or manage any critical infrastructure of the United States only through the establishment or operation of a foreign owned general business corporation that has a board of directors, the majority of which is comprised of U.S. citizens, and a chief security officer who is a U.S. citizen.