S 1429 · 97th Congress · Finance and Financial Sector

A bill to amend the Securities and Exchange Act of 1934 to make the margin requirements for domestic purchasers of securities applicable to foreign purchasers of securities in certain significant transactions involving the United States securities markets, and for other purposes.

Introduced 1981-06-25· Sponsored by Sen. Kassebaum, Nancy Landon [R-KS]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Subcommittee on Securities. Hearings held.(1981-07-08)

Plain Language Summary

[AI summary unavailable — showing source text] Title I: Margin Requirements - Margin Requirements Fairness Act of 1981 - Amends the Securities Exchange Act of 1934 to prohibit certain credit transactions for the acquisition of securities of U.S. corporations by either U.S. or non-U.S. persons where such a transaction is financed by either U.S. or non-U.S. lenders if: (1) such a transaction is or would be prohibited if it had been made or had otherwise occurred in a lender's office or other place of business in the United States; and (2) a statement is required to be filed under such Act in connection with the acquisition or carrying of such securities. Requires the statement filed with the Securities and Exchange Commission, pursuant to such Act, by any person who is directly or indirectly the beneficial owner of more than five percent of any equity security of a class which is registered pursuant to such Act, to include information as to whether the margin requirements imposed pursuant to such Act and the regulations promulgated thereunder are applicable and not being violated. Applies the provisions of this Act to any purchase or carrying of securities on or after June 24, 1981, if: (1) the loan or extension of credit involve…

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

Cosponsors (4)

2 Democrats2 Republicans