HR 5581 · 101th Congress · Commerce

Foreign Merger Information Act of 1990

Introduced 1990-09-11· Sponsored by Rep. Smith, Lawrence [D-FL-16]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Economic and Commercial Law.(1990-09-13)

Plain Language Summary

[AI summary unavailable — showing source text] Foreign Merger Information Act of 1990 - Amends the Clayton Act to revise premerger notification requirements. Applies such requirements to proposed mergers where: (1) the person to be acquired has total assets or annual net sales of $1,000,000 (currently, $10,000,000) or more; and (2) the acquiring person, if it is a foreign person, would hold five percent or more of the voting securities or assets of the acquired person.…

Summarized by Claude AI · Non-partisan · For informational purposes only