HR 6857 · 94th Congress · Finance and Financial Sector
Foreign Investment Disclosure Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Interstate and Foreign Commerce.(1975-05-09)
Plain Language Summary
[AI summary unavailable — showing source text]
Foreign Investment Disclosure Act - Requires notification by foreign investors of proposed acquisitions of the beneficial ownership of either $1,000,000 worth of, or 5 percent of a given class of, equity securities of United States companies under the Securities Exchange Act of 1934. Authorizes the President to prohibit any such acquisition as appropriate for the national security, to further the foreign policy, or to protect the domestic economy of the United States. Requires issuers of registered securities to maintain and file with the Securities and Exchange Commission a list of the names and nationalities of the beneficial owners of equity securities.…
Summarized by Claude AI · Non-partisan · For informational purposes only