Foreign Investors Limitation Act

Summary

Foreign Investors Limitation Act - Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission to prohibit any person who is not a citizen of the United States or is owned or controlled by a person who is not a citizen of the United States from acquiring more than five percent of the voting securities, or more than 35 percent of the non-voting securities, of any issuer whose securities are registered under such Act. Prohibits a person covered by this Act who owns more than the specified percentages of securities from acquiring more of such securities. Directs the Commission to require all persons covered by this Act to register with the Commission prior to the acquisition of securities of any issuer registered under the Securities Exchange Act of 1934.

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1 official file

• Introduced in House

  summary · EN · 19 January 1977

  Open at official source

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