Skip to main content
HR 1463 100th Congress House

Primary Dealers' Fair Competition Act

Official title: A bill to prohibit the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York from designating, or continuing the designatio… Show full official titleShow less

Official title: A bill to prohibit the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York from designating, or continuing the designation of, any person of a foreign country as a primary dealer in government debt instruments if such foreign country does not allow United States companies equal access in acquiring government debt instruments issued by such country.

Introduced: March 5, 1987 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Finance and Financial Sector Foreign Trade and International FinanceForeign Trade and InvestmentsForeign investmentsGovernment securities
More subjectsShow fewer subjects
International competitivenessJapanNontariff trade barriersReciprocitySecuritiesSecurities and InvestmentsSecurities industrySecurities regulation
Sign in to write a letter Sign in to watch
This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 1987
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Mar 23, 1987
Referred to Subcommittee on Domestic Monetary Policy.
Mar 5, 1987
Referred to House Committee on Banking, Finance and Urban Affairs.
Mar 5, 1987
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action March 23, 1987

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

 Plain-English summary Congressional Research Service

Primary Dealers' Fair Competition Act - Expresses congressional findings, including that U.S. firms seeking to compete in Japan face discriminatory barriers which effectively preclude fair competition for Japanese business. Prohibits the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York from designating, or permitting continued designation of, any person of a foreign country as a primary dealer in Government debt instruments if U.S. companies are denied equal access in the acquisition of government debt instruments issued by such country.

 Committees of jurisdiction 3
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1463: Primary Dealers' Fair Competition Act. 100th Congress. Open America. https://openamerica.io/bill/100-HR-1463/
MLA
"H.R. 1463: Primary Dealers' Fair Competition Act." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-HR-1463/.
Bluebook (legal)
H.R. 1463, 100th Cong. (2026), https://openamerica.io/bill/100-HR-1463/.
Markdown link
[H.R. 1463: Primary Dealers' Fair Competition Act](https://openamerica.io/bill/100-HR-1463/)
Report a problem