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

1. 2 July 1980

   Introduced

   Referred to House Committee on Interstate and Foreign Commerce.

   Source: IntroReferral

2. 2 July 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 July 1980

   Introduced

   Introduced in House

   Source: IntroReferral

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

• Rep. Scheuer, James H. [D-NY-8] · D · Sponsor
• Rep. Rinaldo, Matthew J. [R-NJ-7] · R · Cosponsor
• · hsif00 · Standing

Related records

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