S 3133 · 94th Congress · Finance and Financial Sector

A bill to amend the Securities Exchange Act of 1934 to require issuers of securities registered pursuant to section 12 of such act to maintain accurate records and to furnish reports relating to certain foreign payments.

Introduced 1976-03-11· Sponsored by Sen. Proxmire, William [D-WI]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1976-03-11)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Securities Exchange Act of 1934 to require each issue of securities registered with the Securities and Exchange Commission to file periodic reports relating to any payment of money or furnishing of anything of value in an amount in excess of $1,000 to: (1) any person or entity employed by, affiliated with, or representing a foreign government; (2) any foreign political party or candidate for foreign political office; or (3) any person retained to advise or represent the issue in connection with obtaining business with a foreign government. Requires that such reports be made available for public inspection and include the following information: (1) the amount of each payment and the date on which it was made; (2) the name of the person or entity receiving the funds; (3) the purpose for which the payment was made. Makes it unlawful for any issuer of a security registered with the Securities Exchange Commission to make use of the mails or of any means or instrumentality of interstate commerce to offer, pay or promise anything of value: (1) to an official of a foreign government for the purpose of inducing that individual to use his influence within such foreign government t…

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