Regulation of MNCs by home states through extraterritorial laws is a recent addition to the measures under review in this ongoing search [for an effective regulatory model for multinationals]. The presentation of a Bill in the United States House of Representatives on 7 June 2000 marked an attempt to adopt the extraterritorial model of regulation. This was soon followed by the introduction of a similar Bill in the Australian Senate on 6 September 2000...this article seeks to examine the provisions and the omissions of the two Bills.