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H.R. 4145 97th Congress House

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…

Official title: A bill to amend the Securities Exchange Act of 1934 to provide uniform margin requirements in transactions involving the acquisition of securities of certain U… Show full official titleShow less

Official title: 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 acquisition is financed by non-United States lenders, to specify a private right of action for violations of margin requirements, and for certain other purposes.

Introduced: July 15, 1981 See on congress.gov
Finance and Financial Sector Foreign Trade and InvestmentsForeign investmentsSecurities and InvestmentsSecurities regulation
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 14, 1981
Received in the Senate, read twice, and referred to the Committee on Banking.
Oct 13, 1981
Passed House (Amended) by Voice Vote.
Oct 13, 1981
Passed/agreed to in House: Passed House (Amended) by Voice Vote.
Oct 13, 1981
Called up by House by Unanimous Consent.
Sep 30, 1981
Placed on Union Calendar No: 166.
Sep 30, 1981
Reported to House (Amended) by House Committee on Energy and Commerce. Report No: 97-258.
Sep 17, 1981
Ordered to be Reported (Amended).
Sep 17, 1981
Committee Consideration and Mark-up Session Held.
Jul 16, 1981
Forwarded by Subcommittee to Full Committee.
Jul 16, 1981
Subcommittee Consideration and Mark-up Session Held.
Jul 15, 1981
Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.
Jul 15, 1981
For Previous Action See H.R.1294.
Jul 15, 1981
For Previous Action See H.R.2879.
Jul 15, 1981
Referred to House Committee on Energy and Commerce.
Jul 15, 1981
Introduced in House
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 Latest action October 14, 1981

Received in the Senate, read twice, and referred to the Committee on Banking.

 Plain-English summary Congressional Research Service

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 could be prohibited if it has been made or has 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 on or after July 16, 1981, if the loan or extension of credit involved originated, or if the loan proceeds used to purchase or carry such securities were disbursed, on or after such date.

 Related & companion bills 2
  • HR 1294 A bill to amend the Securities Exchange Act of 1934 to provide uniform margin requirements in transactions involving th…
  • HR 2879 A bill to amend the Securities Exchange Act of 1934 to provide uniform margin requirements in transactions involving th…
 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 4145: 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 acquisition is financed by non-United States lenders, to specify a private right of action for violations of margin requirements, and for certain other purposes.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4145/
MLA
"H.R. 4145: 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 acquisition is financed by non-United States lenders, to specify a private right of action for violations of margin requirements, and for certain other purposes.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4145/.
Bluebook (legal)
H.R. 4145, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4145/.
Markdown link
[H.R. 4145: 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 acquisition is financed by non-United States lenders, to specify a private right of action for violations of margin requirements, and for certain other purposes.](https://openamerica.io/bill/97-HR-4145/)
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