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HCONRES 403 99th Congress House Finance and Financial Sector Foreign Trade and Investments Foreign trade policy Government securities Japan Securities Securities and Investments Securities industry

A concurrent resolution expressing the sense of the Congress that the Federal Reserve Bank of New York should deny any application from a Japanese security firm to become a primary dealer in United…

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A concurrent resolution expressing the sense of the Congress that the Federal Reserve Bank of New York should deny any application from a Japanese security firm to become a primary dealer in United States Treasury securities until substantial progress is made in opening the Japanese securities market to United States securities dealers.

Introduced: October 2, 1986 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This resolution expired with the 99th Congress
It was not agreed to before the 99th Congress (1985–1986) adjourned, so it is no longer active. 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
Oct 2, 1986
Referred to House Committee on Ways and Means.
Oct 2, 1986
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Oct 2, 1986
Referred to House Committee on Banking, Finance and Urban Affairs.
Oct 2, 1986
Introduced in House
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 Plain-English summary Congressional Research Service

Expresses the sense of the Congress that: (1) the Federal Reserve Bank of New York should deny the applications of Japanese securities firms to become primary dealers of U.S. Treasury securities until substantial progress is made in opening up Japanese securities markets to U.S. firms; and (2) the Bank and the Administration should intensify efforts to negotiate the reduction of barriers to access to such Japanese markets for U.S.firms.

What's happening now October 2, 1986

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Oct 2, 1986
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APA
U.S. Congress. (2026). H. Con. Res. 403: A concurrent resolution expressing the sense of the Congress that the Federal Reserve Bank of New York should deny any application from a Japanese security firm to become a primary dealer in United States Treasury securities until substantial progress is made in opening the Japanese securities market to United States securities dealers.. 99th Congress. Open America. https://openamerica.io/bill/99-HCONRES-403/
MLA
"H. Con. Res. 403: A concurrent resolution expressing the sense of the Congress that the Federal Reserve Bank of New York should deny any application from a Japanese security firm to become a primary dealer in United States Treasury securities until substantial progress is made in opening the Japanese securities market to United States securities dealers.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HCONRES-403/.
Bluebook (legal)
H. Con. Res. 403, 99th Cong. (2026), https://openamerica.io/bill/99-HCONRES-403/.
Markdown link
[H. Con. Res. 403: A concurrent resolution expressing the sense of the Congress that the Federal Reserve Bank of New York should deny any application from a Japanese security firm to become a primary dealer in United States Treasury securities until substantial progress is made in opening the Japanese securities market to United States securities dealers.](https://openamerica.io/bill/99-HCONRES-403/)
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