legislation: 96-hr-7791

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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
96-hr-7791 96 hr 7791 A bill to amend the Securities Exchange Act of 1934 to provide that a person who is a citizen of or is incorporated in a foreign country may acquire certain amounts of United States securities only to the extent that the laws of such foreign country are no more restrictive with respect to the acquisition of comparable amounts of foreign securities by a person who is a citizen of or is incorporated in the United States. Foreign Trade and International Finance 1980-07-22 1980-07-22 Referred to House Committee on Interstate and Foreign Commerce. House Rep. Scheuer, James H. [D-NY-11] NY D S000124 1 Amends the Securities Exchange Act of 1934 to make it unlawful for a foreign citizen or corporation to acquire more than five percent of any class of U.S. securities, unless U.S. citizens or corporations are permitted to acquire, under regulations no more restrictive than in the United States, securities in such foreign country. Permits the President to waive such restriction in a national emergency. Makes such amendment effective July 22, 1980. 2024-02-05T14:30:09Z  

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