legislation: 93-hr-14997

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
93-hr-14997 93 hr 14997 Corporate Management Interlocks Act Commerce 1974-05-23 1974-05-23 Referred to House Committee on the Judiciary. House Rep. Harrington, Michael J. [D-MA-6] MA D H000230 6 Corporate Management Interlocks Act - Prohibits, unless specific approval has been granted by the Attorney General, corporate management interlocking relationships. States that this Act shall apply (1) if any one of the persons involved in an interlocking relationship shall have capital, surplus, and undivided profits aggregating more than $1,000,000, and (2) if any one of the persons involved in an interlocking relationship is engaged in commerce: provided, however, that this Act shall not prohibit any interlocking relationship when one of the persons involved directly or indirectly lawfully owns more than 50 percent of the voting stock of the other company, or where 50 percent or more of the voting stock of each of the persons involved in an interlocking relationship is directly or indirectly lawfully owned by the same person. Sets a fine of not more than $50,000 and/or imprisonment not exceeding one year upon conviction of a willful violation of this Act. 2025-09-03T12:48:54Z  

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