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United States · Bill · HR

H.R. 5 (101st)

Foreign Ownership Disclosure Act of 1989

openUnited States· United States Congress· EN

Introduced

3 January 1989

Last action

17 October 1990 · Committee

Status

For Further Action See H.R.4520.

Sponsors

Rep. Bryant, John W. [D-TX-5], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Bonior, David E. [D-MI-10], Rep. Chapman, Jim [D-TX-1], Rep. Evans, Lane [D-IL-17], Rep. Frost, Martin [D-TX-24], Rep. Gaydos, Joseph M. [D-PA-20], Rep. Leath, Marvin [D-TX-11], Rep. Lukens, Donald E. [R-OH-8], Rep. Edwards, Mickey [R-OK-5], Rep. Coleman, Ronald D. [D-TX-16], Rep. Kaptur, Marcy [D-OH-9], Rep. Herger, Wally [R-CA-2], Rep. Martin, Lynn M. [R-IL-16], Rep. Eckart, Dennis E. [D-OH-11], Rep. Jontz, Jim [D-IN-5], Sen. Boxer, Barbara [D-CA], Rep. Gephardt, Richard A. [D-MO-3], Rep. Tallon, Robert M. (Robin) [D-SC-6], Sen. Johnson, Tim [D-SD], Rep. Staggers, Harley O., Jr. [D-WV-2], Rep. Brennan, Joseph E. [D-ME-1], Rep. Hayes, Charles A. [D-IL-1], Rep. Stokes, Louis [D-OH-11], Rep. Gonzalez, Henry B. [D-TX-20], Rep. Bilbray, James H. [D-NV-1], Sen. Durbin, Richard J. [D-IL], Rep. Valentine, Tim [D-NC-2], Sen. Akaka, Daniel K. [D-HI], Rep. Pelosi, Nancy [D-CA-11], Rep. Atkins, Chester G. [D-MA-5], Rep. Traxler, Bob [D-MI-8], Rep. Morrison, Bruce A. [D-CT-3], Rep. Olin, James R. [D-VA-6], Rep. Smith, Lawrence [D-FL-16], Rep. Lipinski, William O. [D-IL-3], Rep. Clay, William (Bill) [D-MO-1], Rep. Collins, Cardiss [D-IL-7], Rep. DeFazio, Peter A. [D-OR-4], Rep. Lantos, Tom [D-CA-12], Rep. Vento, Bruce F. [D-MN-4], Rep. Luken, Thomas A. [D-OH-1], Rep. Glickman, Dan [D-KS-4], Rep. Kildee, Dale E. [D-MI-5], Rep. Mfume, Kweisi [D-MD-7], Rep. Wolpe, Howard E. [D-MI-3], Rep. Hughes, William J. [D-NJ-2], Rep. Sangmeister, George E. [D-IL-4]

Subjects

Discovery layer

Source updated

26 August 2025

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Summary

Foreign Ownership Disclosure Act of 1989 - Requires any foreign person who holds or acquires a significant interest in a U.S. property or a controlling interest in a U.S. business enterprise to register with the Secretary of Commerce. Requires that any changes in registration information be disclosed in an amended registration. Sets forth penalties for the failure to comply with registration requirements. Defines a "significant interest" in U.S. property as more than five percent of the total equity or ownership interests in assets or real property having a market value or gross sales in excess of specified amounts. Defines a "controlling interest" in a U.S. business enterprise as more than 25 percent of the total equity or ownership interests in a business enterprise having assets or gross sales in excess of specified amounts. Directs the Secretary to submit an annual report to the President and the Congress concerning: (1) the extent and effects of foreign investment in the United States; and (2) the effectiveness and efficiency of the registration and reporting requirements of this Act. Directs the Secretary to compile a registry of foreign investments in the United States. Limits access to the information in such registry.

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

Timeline

  1. 3 January 1989

    Introduced

    Referred to the House Committee on Energy and Commerce.

    Source: IntroReferral

  2. 3 January 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 January 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 6 February 1989

    Referred

    Referred to the Subcommittee on Telecommunications and Finance.

    Source: Committee

  5. 17 October 1990

    Committee

    For Further Action See H.R.4520.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

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  • Introduced in House

    summary · EN · 3 January 1989

    Open at official source

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Sponsors

Showing 48 of 74 sponsors and actors.

Related records

Sources

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