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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

2 October 1986 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Sen. Schumer, Charles E. [D-NY], Rep. St Germain, Fernand J. [D-RI-1], Rep. Frank, Barney [D-MA-4], Rep. Morrison, Bruce A. [D-CT-3], Rep. Kaptur, Marcy [D-OH-9], Rep. Garcia, Robert [D-NY-18], Rep. Gordon, Bart [D-TN-6], Rep. McCollum, Bill [R-FL-8], Rep. Torres, Esteban Edward [D-CA-34], Rep. Wortley, George C. [R-NY-27], Rep. Lundine, Stanley N. [D-NY-34], Rep. Lehman, Richard H. [D-CA-19], Rep. Vento, Bruce F. [D-MN-4], Rep. Levin, Sander M. [D-MI-12]

Subjects

Discovery layer

Source updated

7 February 2024

Official sourceView documentsShare

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.

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

Timeline

  1. 2 October 1986

    Introduced

    Referred to House Committee on Banking, Finance and Urban Affairs.

    Source: IntroReferral

  2. 2 October 1986

    Referred

    Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

    Source: Committee

  3. 2 October 1986

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 October 1986

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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