Foreign Investment Disclosure Act

Summary

Foreign Investment Disclosure Act - Requires notification by foreign investors of proposed acquisitions of the beneficial ownership of either $1,000,000 worth of, or 5 percent of a given class of, equity securities of United States companies under the Securities Exchange Act of 1934. Authorizes the President to prohibit any such acquisition as appropriate for the national security, to further the foreign policy, or to protect the domestic economy of the United States. Requires issuers of registered securities to maintain and file with the Securities and Exchange Commission a list of the names and nationalities of the beneficial owners of equity securities.

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1 official file

• Introduced in House

  summary · EN · 9 May 1975

  Open at official source

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