Whether the Creation of Natcast Violates the Government Corporation Control Act
The Government Corporation Control Act applies to an agency that brings a corporation into existence, even if the agency does not retain ownership of or control over the corporation.
An agency cannot avoid the strictures of the Government Corporation Control Act by enlisting private individuals as proxies to incorporate an entity that would otherwise violate the Government Corporation Control Act.
The creation of Natcast violates the Government Corporation Control Act because the Department of Commerce exercised undue control over the private persons who incorporated Natcast to oversee Congress’s multi-billion investment in the semiconductor industry.