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United States · Resolution · HCONRES

H.Con.Res. 403 (99th)

A concurrent resolution expressing the sense of the Congress that the Federal Reserve Bank of New York should deny any application from a Japanese security firm to become a primary dealer in United States Treasury securities until substantial progress is made in opening the Japanese securities market to United States securities dealers.

referredUnited States· United States Congress· EN

Introduced

2 October 1986

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Expresses the sense of the Congress that: (1) the Federal Reserve Bank of New York should deny the applications of Japanese securities firms to become primary dealers of U.S. Treasury securities until substantial progress is made in opening up Japanese securities markets to U.S. firms; and (2) the Bank and the Administration should intensify efforts to negotiate the reduction of barriers to access to such Japanese markets for U.S.firms.

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Documents

1 official file

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