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 purposes.
Introduced: May 22, 1984
See on congress.gov
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
Plain-English summary
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
For Further Action See H.R.5693.
Committees of jurisdiction
2
Cosponsors
1