A bill to amend the Securities Exchange Act of 1934 to provide uniform margin requirements in transactions involving the acquisition of securities of certain United States Corporations by non-United States persons where such acquisitions is financed by non-United States lenders, to specify a private right of action for violations of margin requirements, and for certain other purposes.
Latest action. For Further Action See H.R.5693.
Amends the Securities Exchange Act of 1934 to prohibit certain credit transactions for the acquisition of securities of United States corporations by either United States or non-United States persons where such a transaction is financed by either United States or non-United States lenders if such a transaction is or would be prohibited if it had been made or the transaction had otherwise occurred in a lender's office or other place of business in a State. Permits the Board of Governors of the Federal Reserve System to exempt any class of persons from the application of such regulation. Sets forth the private right of action for violations of such margin requirements. Applies the provisions of this Act to any purchase or carrying of securities which occurs on or after March 27, 1984, if the loan or extension of credit involved originated, or if the loan proceeds used were disbursed, on or after such date.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on March 27, 1984. It describes the bill, it is not the legal text.
For Further Action See H.R.5693.
Civibrief does not map this action to a stage in the process. See the official record.
Where is it in the process, and what happens next?
The latest action on file does not map to a stage Civibrief recognizes, so the page will not name one. The record's own words are the reliable fact here.
The record's latest action, on August 2, 1984: For Further Action See H.R.5693.
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 98th Congress (1983-84), 623 of the 10,560 bills and joint resolutions introduced became law, about 5.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one has no outstanding steps 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?
JOHN BRYANT (D-TX) introduced it on March 27, 1984, and 16 members have since signed on as cosponsors.
They come from both major parties: 13 Democrats, 3 Republicans.
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 March 27, 1984, 15554 days ago. The most recent recorded action was 15426 days ago, on August 2, 1984.
Measures do not carry over. Anything the 98th Congress has not finished by January 3, 1985 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
- HouseFor Further Action See H.R.5693.
- SenateNot stated in the latest action
- PresidentNot stated in the latest action