HR 3424 · 94th Congress · Finance and Financial Sector

Foreign Investors Limitation Act

Introduced 1975-02-20· Sponsored by Rep. Gaydos, Joseph M. [D-PA-20]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Interstate and Foreign Commerce.(1975-02-20)

Plain Language Summary

[AI summary unavailable — showing source text] Foreign Investors Limitation Act - Restricts persons, under the Securities Exchange Act of 1934, who are not citizens of the United States from acquiring more than 35 percent of the nonvoting securities or more than 5 percent of the voting securities of any issuer whose securities are registered under such Act.…

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