A bill to amend the Foreign Agents Registration Act of 1938 to strengthen the registration and enforcement requirements of that Act.

Summary

Amends the Foreign Agents Registration Act of 1938 to declare that a foreign principal shall be considered to control a person in major part if: (1) such principal holds more than 50 percent of equitable ownership in such person; or (2) such principal, subject to rebuttal evidence, holds at least 20 percent but not more than 50 percent of equitable ownership in such person. Requires agents of foreign principals who have filed registration statements to file supplements to such statements with the Attorney General on January 31 and July 31 of each year. Repeals a provision exempting agents of foreign principals who are qualified to practice law from filing registration statements. Imposes civil penalties upon persons who have: (1) failed to file such registration statements; or (2) omitted a material fact or made false statements on such registration statements.

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

Timeline

1. 25 January 1989

   Introduced

   Read twice and referred to the Committee on Foreign Relations.

   Source: IntroReferral

2. 25 January 1989

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 27 March 1990

   Committee

   Committee on Foreign Relations. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 January 1989

  Open at official source

Sponsors

• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Hollings, Ernest F. [D-SC] · D · Cosponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Cosponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Sen. Kerry, John F. [D-MA] · D · Cosponsor
• Rep. Lott, Trent [R-MS-5] · R · Cosponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Cosponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• Sen. Thurmond, Strom [R-SC] · R · Cosponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
• Rep. Wirth, Timothy [D-CO-2] · D · Cosponsor
• Sen. Bentsen, Lloyd M. [D-TX] · D · Cosponsor
• Sen. Pell, Claiborne [D-RI] · D · Cosponsor
• · ssfr00 · Standing

Related records

• related to → To amend the Foreign Agents Registration Act of 1938 to strengthen the registration and enforcement requirements of that Act.