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United States · Bill · HR

H.R. 1602 (95th)

A bill to amend the Securities Exchange Act of 1934 to require issuers of securities registered pursuant to section 12 of such Act to maintain accurate records, to prohibit certain bribes.

referredUnited States· United States Congress· EN

Introduced

10 January 1977

Last action

10 January 1977 · Introduced

Status

Referred to House Committee on Interstate and Foreign Commerce.

Sponsors

Rep. Murphy, John M. [D-NY-17], Rep. Solarz, Stephen J. [D-NY-13]

Subjects

Discovery layer

Source updated

1 August 2024

Official sourceView documentsShare

Summary

Revises the Securities Exchange Act to require issuers of specified registered securities to maintain accurate records reflecting the transactions and dispositions of the issuers' assets and to maintain an accounting control system to insure management control and accountability for assets. Prohibits any falsification of such records or any false or misleading statement, or omission of a material statement, in connection with any examination or audit of an issuer. Prohibits specified issuers of stock required to be registered under the Securities Exchange Act and for any domestic concern to make use of any means of interstate commerce to bribe (1) any official of a foreign government, (2) any foreign political party, official thereof, or candidate for political office, or (3) any person serving as an intermediary to such official, party or candidate for the purpose of using his or its influence with such foreign government or failing to perform his or its official functions to assist such issuer or concern in obtaining business with or influencing legislation of such foreign government.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 10 January 1977

    Introduced

    Referred to House Committee on Interstate and Foreign Commerce.

    Source: IntroReferral

  2. 10 January 1977

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 January 1977

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Sponsors

Related records

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Sources

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