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HR 5 101th Congress House Foreign Trade and International Finance Congressional reporting requirements Data banks Foreign investments Foreign ownership of real property Government paperwork Information disclosure (Securities law) Information services

Foreign Ownership Disclosure Act of 1989

Introduced: January 3, 1989 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) 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
Oct 17, 1990
For Further Action See H.R.4520.
Feb 6, 1989
Referred to the Subcommittee on Telecommunications and Finance.
Jan 3, 1989
Referred to the House Committee on Energy and Commerce.
Jan 3, 1989
Introduced in House
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 Plain-English summary Congressional Research Service

Foreign Ownership Disclosure Act of 1989 - Requires any foreign person who holds or acquires a significant interest in a U.S. property or a controlling interest in a U.S. business enterprise to register with the Secretary of Commerce. Requires that any changes in registration information be disclosed in an amended registration. Sets forth penalties for the failure to comply with registration requirements.

Defines a "significant interest" in U.S. property as more than five percent of the total equity or ownership interests in assets or real property having a market value or gross sales in excess of specified amounts. Defines a "controlling interest" in a U.S. business enterprise as more than 25 percent of the total equity or ownership interests in a business enterprise having assets or gross sales in excess of specified amounts.

Directs the Secretary to submit an annual report to the President and the Congress concerning: (1) the extent and effects of foreign investment in the United States; and (2) the effectiveness and efficiency of the registration and reporting requirements of this Act.

Directs the Secretary to compile a registry of foreign investments in the United States. Limits access to the information in such registry.

What's happening now October 17, 1990

For Further Action See H.R.4520.

 Related & companion bills 2
  • S 289 Identical bill Foreign Ownership Disclosure Act of 1989
  • HR 4520 Procedurally related Foreign Direct Investment and International Financial Data Improvements Act of 1990
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 5
D
Pallone, Frank
New Jersey · Sep 12, 1989
 D
Mfume, Kweisi
Maryland · Mar 15, 1989
 D
Pelosi, Nancy
California · Feb 27, 1989
 D
Durbin, Richard J.
Illinois · Feb 22, 1989
 D
Kaptur, Marcy
Ohio · Jan 3, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5: Foreign Ownership Disclosure Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-5/
MLA
"H.R. 5: Foreign Ownership Disclosure Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-5/.
Bluebook (legal)
H.R. 5, 101st Cong. (2026), https://openamerica.io/bill/101-HR-5/.
Markdown link
[H.R. 5: Foreign Ownership Disclosure Act of 1989](https://openamerica.io/bill/101-HR-5/)
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