Fair Trade in Financial Services Act of 1990

Summary

Fair Trade in Financial Services Act of 1990 - Amends the International Banking Act of 1978 and the Securities Exchange Act of 1934 to authorize Federal banking agencies and the Securities and Exchange Commission respectively to deny applications filed by foreign persons to conduct banking or securities activities in the United States if the Secretary of the Treasury has published a determination in the Federal Register that the relevant foreign country does not offer U.S. bankers and securities dealers and brokers the same competitive opportunities, including effective market access, as are available to its domestic counterparts. Directs the Secretary to: (1) initiate negotiations with foreign countries to ensure that they offer U.S. banking and securities interests such opportunities; and (2) submit annual status reports to the Congress regarding foreign treatment of such U.S. business interests.

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Documents

4 official files

• Reported to Senate (text)

  Reported to Senate · EN

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• Introduced in Senate (text)

  Introduced in Senate · EN

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• Reported to Senate with amendment(s)

  summary · EN · 13 July 1990

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• Introduced in Senate

  summary · EN · 29 January 1990

  Open at official source

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