Corporate Management Interlocks Act
Latest action. Referred to House Committee on the Judiciary.
Corporate Management Interlocks Act - Prohibits, unless specific approval has been granted by the Attorney General, corporate management interlocking relationships. States that this Act shall apply (1) if any one of the persons involved in an interlocking relationship shall have capital, surplus, and undivided profits aggregating more than $1,000,000, and (2) if any one of the persons involved in an interlocking relationship is engaged in commerce: provided, however, that this Act shall not prohibit any interlocking relationship when one of the persons involved directly or indirectly lawfully owns more than 50 percent of the voting stock of the other company, or where 50 percent or more of the voting stock of each of the persons involved in an interlocking relationship is directly or indirectly lawfully owned by the same person. Sets a fine of not more than $50,000 and/or imprisonment not exceeding one year upon conviction of a willful violation of this Act.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on May 23, 1974. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on May 23, 1974: Referred to House Committee on the Judiciary.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
MICHAEL HARRINGTON (D-MA) introduced it on May 23, 1974, and 6 members have since signed on as cosponsors.
They are 6 Democrats.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on May 23, 1974, 19103 days ago. The most recent recorded action was 19103 days ago, on May 23, 1974.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers