HR 2631 · 102th Congress · Foreign Trade and International Finance
International Mergers and Acquisitions Review Act of 1991
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Economic Stabilization.(1991-08-15)
Plain Language Summary
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International Mergers and Acquisitions Review Act of 1991 - Amends the Clayton Act to bar the acquisition by one person (acquiring person) of the voting securities or assets (assets) of another (acquired person) unless both parties (or in the case of a tender offer, the acquiring person) file notifications pursuant to this Act and the waiting period under such Act has expired, if specified conditions apply. Requires such notifications of mergers and acquisitions where the acquiring or acquired person is engaged in commerce or in activity affecting commerce and: (1) in a case in which both parties are domiciled outside of the United States or organized under the laws of a foreign country, the combined annual net sales in the United States of both persons exceed $350,000,000 and as a result of the acquisition the acquiring person would hold five percent or more of the assets of the acquired person; (2) the acquired person has a contract with the U.S. Government that involves access to classified information, is required to register with the Secretary of State pursuant to the Arms Export Control Act (because such person is engaged in the United States in the business of manufacturing …
Summarized by Claude AI · Non-partisan · For informational purposes only