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HR 2780 101th Congress House Finance and Financial Sector Corporation reports Mutual funds Securities Securities regulation

Shareholder Communications Improvement Act of 1989

Introduced: June 28, 1989 See on congress.gov
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 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 15, 1990
For Further Action See H.R.1396.
Nov 14, 1989
Subcommittee Consideration and Mark-up Session Held.
Nov 14, 1989
Forwarded by Subcommittee to Full Committee.
Aug 2, 1989
Subcommittee Hearings Held.
Jul 17, 1989
Referred to the Subcommittee on Telecommunications and Finance.
Jun 28, 1989
Referred to the House Committee on Energy and Commerce.
Jun 28, 1989
Introduced in House
 Plain-English summary Congressional Research Service

Shareholder Communications Improvement Act of 1989 - Amends the Securities Exchange Act of 1934 to require mutual fund and other investment company entities that exercise fiduciary powers holding securities as nominees to: (1) deliver proxy materials and information statements to the beneficial owners of investment company securities; and (2) supply registrants, upon request, with beneficial owner information so that annual reports and voluntary communications may be provided to such beneficial owners.

Requires that information statements be provided by: (1) brokers and bank nominees to the beneficial owners of the securities; and (2) investment companies to record holders prior to any security holder vote when proxies, consents, or authorizations are not solicited.

What's happening now November 15, 1990

For Further Action See H.R.1396.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1