Protection of Confidential Business Information Act of 1983

Summary

Protection of Confidential Business Information Act of 1983 - Directs the Securities and Exchange Commission to promulgate regulations protecting persons subject to U.S. jurisdiction, in appropriate circumstances, from the extraterritorial imposition by foreign nations of requirements to disclose confidential business information. Authorizes any person required by a foreign nation to disclose confidential business information to apply to the Commission for a protective order. Grants the Commission authority to issue such an order upon specified findings. Provides that no sanction for nondisclosure imposed by a foreign nation shall be enforceable in a U.S. court if such nondisclosure was permitted by rule of the Commission. Establishes civil penalties for any violation of a rule or order promulgated under this Act.

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1 official file

• Introduced in House

  summary · EN · 17 February 1983

  Open at official source

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