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HR 5695 98th Congress House Finance and Financial Sector Civil actions and liability Corporate reorganizations Corporations and Stocks Courts and Civil Procedure Securities and Investments Securities regulation Stockholders

A bill to permit shareholders and the Securities and Exchange Commission to seek injunctive relief from harmful defensive tactics by management in corporate takeover situations, and for other…

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A bill to permit shareholders and the Securities and Exchange Commission to seek injunctive relief from harmful defensive tactics by management in corporate takeover situations, and for other purposes.

Introduced: May 22, 1984 See on congress.gov
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 1984
For Further Action See H.R.5693.
May 23, 1984
Subcommittee Hearings Held.
May 23, 1984
Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.
May 22, 1984
Referred to House Committee on Energy and Commerce.
May 22, 1984
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Securities Exchange Act of 1934 to prohibit any issuer whose securities are registered under such Act from engaging in any transaction in contemplation of effecting, or of defending against, a change in control of such issuer that is not prudent for the issuer and fair to the issuer's shareholders.

Permits the Securities and Exchange Commission or any shareholder of that issuer to bring suit in the proper district court to enjoin such a transaction and for such other appropriate equitable relief.

Applies such provision to any transactions taken by an issuer or by an officer or director on or after June 1, 1984.

What's happening now August 2, 1984

For Further Action See H.R.5693.

 Related & companion bills 1
  • HR 5693 Related bill Tender Offer Reform Act of 1984
 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Markey, Edward J.
Massachusetts · May 22, 1984
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5695: A bill to permit shareholders and the Securities and Exchange Commission to seek injunctive relief from harmful defensive tactics by management in corporate takeover situations, and for other purposes.. 98th Congress. Open America. https://openamerica.io/bill/98-HR-5695/
MLA
"H.R. 5695: A bill to permit shareholders and the Securities and Exchange Commission to seek injunctive relief from harmful defensive tactics by management in corporate takeover situations, and for other purposes.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-5695/.
Bluebook (legal)
H.R. 5695, 98th Cong. (2026), https://openamerica.io/bill/98-HR-5695/.
Markdown link
[H.R. 5695: A bill to permit shareholders and the Securities and Exchange Commission to seek injunctive relief from harmful defensive tactics by management in corporate takeover situations, and for other purposes.](https://openamerica.io/bill/98-HR-5695/)
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