A bill to require that directors of certain corporations hold securities of those corporations.

Summary

Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission to require that each director of an issuer of registered equity securities own at least 1,000 shares of such securities or agree to make periodic purchases using the total amount of his or her fees for service as a director until he or she owns 1,000 shares.

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

Timeline

1. 27 June 1984

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 27 June 1984

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 2 October 1984

   Committee

   Committee on Banking. Hearings held. Hearings printed: S.Hrg. 98-1013.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 27 June 1984

  Open at official source

Sponsors

• Sen. Chafee, John H. [R-RI] · R · Sponsor
• · ssbk00 · Standing

Related records

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