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United States · Bill · HR

H.R. 2514 (100th)

Hostile Foreign Takeover Moratorium Act

referredUnited States· United States Congress· EN

Introduced

27 May 1987

Last action

8 June 1987 · Referred

Status

Referred to Subcommittee on Telecommunications and Finance.

Sponsors

Rep. Coble, Howard [R-NC-6], Rep. Ballenger, Cass [R-NC-10], Rep. Clarke, James McC. [D-NC-11], Rep. Hefner, W. G. (Bill) [D-NC-8], Rep. Lancaster, H. Martin [D-NC-3], Rep. McMillan, J. Alex [R-NC-9], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Neal, Stephen L. [D-NC-5], Rep. Jones, Walter B. [D-NC-1], Rep. Daniel, W. C. (Dan) [D-VA-5], Rep. Quillen, James H. (Jimmy) [R-TN-1], Rep. Rose, Charlie [D-NC-7], Rep. Valentine, Tim [D-NC-2], Rep. Price, David E. [D-NC-4], Rep. Spratt, John M., Jr. [D-SC-5], Rep. Tallon, Robert M. (Robin) [D-SC-6], Rep. Lloyd, Marilyn [D-TN-3]

Subjects

Discovery layer

Source updated

28 August 2025

Official sourceView documentsShare

Summary

Hostile Foreign Takeover Moratorium Act - Makes congressional findings concerning the financing of corporate takeovers and the resulting loss of jobs and dislocations to local and regional economies and to the national economy. Amends the Securities Exchange Act of 1934 to place a six-month moratorium on tender offers for any equity securities by any foreign person if any part of the consideration to be paid: (1) is cash, unless the person has cash or cash equivalents equal to the aggregate amount of such cash consideration; or (2) is to be financed by means of a loan, borrowing, or the issuance of debt securities. Provides that such moratorium shall not apply if the acceptance of such offer has been recommended and approved by the directors of the person to be acquired. Authorizes the Securities and Exchange Commission to enforce the provisions of this Act.

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

Timeline

  1. 27 May 1987

    Introduced

    Referred to House Committee on Energy and Commerce.

    Source: IntroReferral

  2. 27 May 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 May 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 8 June 1987

    Referred

    Referred to Subcommittee on Telecommunications and Finance.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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