legislation: 100-s-1264

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
100-s-1264 100 s 1264 Hostile Foreign Takeover Moratorium Act Commerce 1987-05-21 1987-06-25 Committee on Banking. Hearings concluded. Hearings printed: S.Hrg. 100-183. Senate Sen. Sanford, Terry [D-NC] NC D S000055 5 Hostile Foreign Takeover Moratorium Act - Makes congressional findings concerning the financing of corporate takeovers and the resulting loss of jobs and dislocations to local and regional economies and to the national economy. Amends the Securities and Exchange Act of 1934 to place a six-month moratorium on tender offers for any equity securities by any foreign person if any part of the consideration to be paid: (1) is cash, unless the person has cash or cash equivalents equal to the aggregate amount of such cash consideration; or (2) is to be financed by means of a loan, borrowing, or the issuance of debt securities. Provides that such moratorium shall not apply if the acceptance of such offer has been recommended and approved by the directors of the person to be acquired. Authorizes the Securities and Exchange Commission to enforce the provisions of this Act. 2025-08-28T20:08:36Z https://www.congress.gov/bill/100th-congress/senate-bill/1264

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