A bill to amend the Securities Exchange Act of 1934 to provide uniform margin requirements in transactions involving the acquisition of securities of certain United States corporations by non-United States persons where such acquisition is financed by non-United States lenders, to specify a private right of action for violations of margin requirements, and for certain other purposes.

Summary

Amends the Securities Exchange Act of 1934 to prohibit certain credit transactions for the acquisition of securities of United States corporations by either United States or non-United States persons where such a transaction is financed by either United States or non-United States lenders if such a transaction is or could be prohibited if it has been made or has otherwise occurred in a lender's office or other place of business in a State. Permits the Board of Governors of the Federal Reserve System to exempt any class of persons from the application of such regulation. Sets forth the private right of action for violations of such margin requirements. Applies the provisions of this Act to any purchase or carrying of securities on or after July 16, 1981, if the loan or extension of credit involved originated, or if the loan proceeds used to purchase or carry such securities were disbursed, on or after such date.

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

Timeline

1. 15 July 1981

   Referred

   Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.

   Source: Committee

2. 15 July 1981

   Committee

   For Previous Action See H.R.2879.

   Source: Committee

3. 15 July 1981

   Introduced

   Referred to House Committee on Energy and Commerce.

   Source: IntroReferral

4. 15 July 1981

   Introduced

   Introduced in House

   Source: IntroReferral

5. 15 July 1981

   Introduced

   Introduced in House

   Source: IntroReferral

6. 16 July 1981

   Committee

   Forwarded by Subcommittee to Full Committee.

   Source: Committee

7. 16 July 1981

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

8. 17 September 1981

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

9. 17 September 1981

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

10. 30 September 1981

    Calendars

    Placed on Union Calendar No: 166.

    Source: Calendars

11. 30 September 1981

    Reported

    Reported to House (Amended) by House Committee on Energy and Commerce. Report No: 97-258.

    Source: Committee

12. 30 September 1981

    Reported

    Reported to House (Amended) by House Committee on Energy and Commerce. Report No: 97-258.

    Source: Committee

13. 13 October 1981

    Passed

    Passed House (Amended) by Voice Vote.

    Source: Floor

14. 13 October 1981

    Passed

    Passed/agreed to in House: Passed House (Amended) by Voice Vote.

    Source: Floor

15. 13 October 1981

    Floor

    Called up by House by Unanimous Consent.

    Source: Floor

16. 14 October 1981

    Introduced

    Received in the Senate, read twice, and referred to the Committee on Banking.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Passed House amended

  summary · EN · 13 October 1981

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 30 September 1981

  Open at official source

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• Introduced in House

  summary · EN · 15 July 1981

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Wirth, Timothy [D-CO] · D · Sponsor
• Rep. Brooks, Jack B. [D-TX-9] · D · Sponsor
• Rep. Collins, James M. [R-TX-3] · R · Sponsor
• Rep. Brown, Clarence, Jr. [R-OH-7] · R · Sponsor
• Rep. Swift, Al [D-WA-2] · D · Sponsor
• Rep. Collins, Cardiss [D-IL-7] · D · Sponsor
• Rep. Tauzin, W. J. (Billy) [R-LA-3] · D · Sponsor
• Rep. Tauke, Thomas Joseph [R-IA-2] · R · Sponsor
• Rep. Broyhill, James T. [R-NC-10] · R · Sponsor
• Rep. Marks, Marc L. [R-PA-24] · R · Sponsor
• Rep. Bliley, Tom [R-VA-7] · R · Sponsor
• Rep. Dingell, John D. [D-MI-12] · D · Sponsor
• · ssbk00 · Standing
• · hsif00 · Standing

Related records

• related to → A bill to amend the Securities Exchange Act of 1934 to provide uniform margin requirements in transactions involving the acquisition of securities of certain United States corporations by non-United States persons where such acquisition is financed by non-United States lenders.
• related to → A bill to amend the Securities Exchange Act of 1934 to provide uniform margin requirements in transactions involving the acquisition of securities of certain United States corporations by foreign persons where such acquisition is financed by a foreign lender.