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United States · Bill · HR

H.R. 998 (99th)

A bill to amend the Clayton Act to temporarily prohibit hostile corporate takeovers of domestic petroleum corporations.

openUnited States· United States Congress· EN

Introduced

6 February 1985

Last action

25 April 1985 · Committee

Status

Subcommittee Hearings Held.

Sponsors

Rep. Edwards, Mickey [R-OK-5], Rep. Valentine, Tim [D-NC-2], Rep. Cheney, Dick [R-WY-At Large], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Coble, Howard [R-NC-6], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Stenholm, Charles W. [D-TX-17], Rep. Schaefer, Dan [R-CO-6], Rep. Dowdy, Wayne [D-MS-4], Rep. Emerson, Bill [R-MO-8], Rep. Callahan, Sonny [R-AL-1], Rep. Spence, Floyd [R-SC-2], Rep. Rogers, Harold [R-KY-5], Rep. Tallon, Robert M. (Robin) [D-SC-6], Rep. Early, Joseph D. [D-MA-3], Rep. Mavroules, Nicholas [D-MA-6], Rep. Meyers, Jan [R-KS-3], Rep. Burton, Dan [R-IN-5], Rep. Franklin, William W. [R-MS-2], Rep. Siljander, Mark D. [R-MI-4], Rep. Smith, Christopher H. [R-NJ-4], Rep. Rahall, Nick J., II [D-WV-3], Rep. McEwen, Bob [R-OH-6], Rep. Rose, Charlie [D-NC-7], Rep. Donnelly, Brian J. [D-MA-11], Sen. Jeffords, James M. [I-VT], Rep. Boland, Edward P. [D-MA-2], Rep. Skeen, Joe [R-NM-2], Rep. Pursell, Carl D. [R-MI-2], Rep. English, Glenn [D-OK-6], Rep. Yates, Sidney R. [D-IL-9], Rep. Ireland, Andrew P. [R-FL-10], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Rep. Dixon, Julian C. [D-CA-32], Rep. Whitley, Charles O., Sr. [D-NC-3], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Frost, Martin [D-TX-24], Rep. Marlenee, Ron [R-MT-2]

Subjects

Energy

Source updated

30 June 2021

Energy

Official sourceView documentsShare

Summary

Amends the Clayton Act to temporarily prohibit any person engaged in commerce or in any activity affecting commerce from acquiring control of a domestic petroleum corporation if the corporation disapproves the acquisition. Defines "control" as the acquisition of more than four percent of the stock, share capital, or assets of the corporation. Directs the Secretary of Energy, the Federal Trade Commission, the Securities and Exchange Commission, and the Federal Reserve Board to investigate and report to the Congress on the effects of such prohibited corporate takeovers on domestic petroleum supplies, competition in the marketing of petroleum products, petroleum industry financing methods, and credit markets, respectively.

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

Timeline

  1. 6 February 1985

    Introduced

    Referred to House Committee on The Judiciary.

    Source: IntroReferral

  2. 6 February 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 February 1985

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 6 March 1985

    Referred

    Referred to Subcommittee on Monopolies and Commercial Law.

    Source: Committee

  5. 3 April 1985

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  6. 24 April 1985

    Committee

    Executive Comment Requested from Justice.

    Source: Committee

  7. 25 April 1985

    Committee

    Subcommittee Hearings Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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