A bill to amend the Securities Exchange Act of 1934 to make it unlawful for a foreign Corporation to acquire certain ownership interests in United States securities unless the country in which such corporation is incorporated permits the acquisition of similar ownership interests in foreign securities by United States companies.

Summary

Amends the Securities Exchange Act of 1934 to make it unlawful for a foreign corporation to acquire U.S. securities, unless U.S. corporations are permitted to acquire, under regulations no more restrictive than in the United States, securities in the country of such foreign corporation's incorporation. Permits the President to waive such restriction in a national emergency.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 2 July 1980

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.